Latest news with #NationalResidentialLandlordsAssociation
Telegraph
01-07-2025
- Business
- Telegraph
The working-class city that has become Britain's flat share capital
Bradford is the most in-demand city for house shares, new figures show. One in four available house shares in the city were snapped up by tenants in the three months to June, according to research by COHO, a managing platform for houses of multiple occupation (HMOs). The report found that demand for house shares in the Northern city vastly outstripped the market in London, where just 12.9pc of HMOs were let within three months. Other popular areas for HMOs included Brighton and Newcastle, where one in 20 house shares were typically let within three months. By contrast, Edinburgh attracted the lowest house share interest from tenants, with just 2.9pc of properties finding an occupant, COHO said. Demand in Birmingham and Leeds was also low, at 2.9pc and 5.8pc respectively. HMOs – house shares of three or more households – are the single most profitable type of rental stock a landlord can own, according to the National Residential Landlords Association. The trade body found that the average yield on an HMO was 6pc, compared to 5.2pc for flats. However, landlords risk being tripped up by complex licence schemes, which can lead to hefty fines or costly rent repayment orders. A rising number of private landlords are also required to have a licence regardless of how many tenants live in their property, and the cost varies between local authorities. In March, it emerged that councils had raked in more than £300m in fees from such schemes. Cash-strapped councils can charge landlords up to £1,000 a year for a licence, whether or not the property is let to multiple households. In some areas, landlords must separately acquire planning permission to convert an existing home into an HMO, driving up costs further. Vann Vogstad, of COHO, said house shares continue to provide tenants isolated by the ongoing work from home culture with 'affordable homes and community'. He added: 'In 2025, the cost of living and the price of rent are extraordinarily high, particularly in major cities. 'Our cities remain the focal point of opportunity and promise in Britain, and if you're trying to build a successful career or find your path in life, it's almost essential that you make one of them your home. 'For singletons or couples arriving in a new city to pursue their dreams or ambitions, a one-bed flat is often unaffordable, so shared houses act as a vital lifeline, providing a level of affordability that not only enables you to survive, but also provides the financial freedom to enjoy life.'
Yahoo
06-06-2025
- Business
- Yahoo
Labour urged to publish impact of rent reforms as eviction delays soar
Ministers are being urged to publish a report into the impact of rental reforms on the courts as landlords face eight-month delays to repossess their property. Government departments are required to complete a justice impact assessment for any new bills that are likely to impact the UK courts system. Labour's Renters' Reform Bill is set to become law this summer and will include the removal of Section 21 'no-fault evictions'. There are fears the change will force landlords to rely on the courts to regain possession of their properties, adding to existing backlogs. Private landlords faced an eight-month wait from making a claim to the courts to their properties being repossessed in the first four months of 2025, according to the latest government data. Chris Norris, chief policy officer for the National Residential Landlords Association, said: 'The justice system is simply not ready for the impact of the Bill. 'In the interests of transparency, the Government should publish the Justice Impact test. The Government also needs to come clean about how it defines the courts being ready for the reforms. Warm words are no substitute for clear objectives for the justice system.' Justice impact assessments are an internal process and not usually published by government departments, but previous ministers have committed to publishing court reviews ahead of implementing rental reforms. The former Levelling Up, Housing and Communities Committee in a 2023 report said: 'It is not clear whether the Government fully appreciates the extent to which an unreformed courts system could undermine its tenancy reforms.' Furthermore, in a consultation in 2022, the then-government acknowledged that Section 21 was preferred by landlords to other means of eviction – such as Section 8 – as it was perceived as 'quicker and more certain'. Richard Atkinson, president of the Law Society, said of the Renters' Rights Bill: 'The bill will not be effective without further investment in the justice system.' Mr Atkinson also urged the Government to 'provide greater funding and more clarity to the enforcement provisions so that justice is accessible to renters and landlords alike'. In addition to concerns about the justice system, a report has warned impacts of the bill will add almost £900 a year to the average tenancy. The legislation will limit landlords to just one rent increase per year capped at the 'market rate' – the price that would be achieved if the property was newly advertised to let. Landbay said property owners were planning to increase rent by an average of 6pc, which would add £74 to the average monthly rent, or £888 a year. Dr Neil Cobbold, director at property software company Reapit UKI, said: 'The Government's decision not to share the Renters' Rights Bill justice impact test raises serious questions about transparency and accountability. The estimate of changes in the number of court and tribunal cases is a vital tool for understanding how the legislation will affect the property sector – including case volumes – and whether the justice infrastructure is in place to support the change.' The Bill is currently going through the House of Lords before being sent back to the Commons and is expected to receive Royal Assent by summer 2025 and be implemented before the end of the year. An MHCLG spokesman said: 'As was the case under previous governments, Justice Impact Tests are internal government documents and it is not standard practice for them to be published. 'We are fully focussed on ensuring the justice system is ready for our reforms, which will create a fairer housing market, and are working closely with the Ministry of Justice and HM Courts and Tribunal Service to ensure all necessary preparations are in place.' Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.
Yahoo
06-06-2025
- Business
- Yahoo
Labour urged to publish rent reforms impact report as eviction delays soar
Ministers are being urged to publish a report into the impact of rental reforms on the courts as landlords face eight-month delays to repossess their property. Government departments are required to complete a justice impact assessment for any new bills that are likely to impact the UK courts system. Labour's Renters' Reform Bill is set to become law this summer and will include the removal of Section 21 'no-fault evictions'. There are fears the change will force landlords to rely on the courts to regain possession of their properties, adding to existing backlogs. Private landlords faced an eight-month wait from making a claim to the courts to their properties being repossessed in the first four months of 2025, according to the latest government data. Chris Norris, chief policy officer for the National Residential Landlords Association, said: 'The justice system is simply not ready for the impact of the Bill. 'In the interests of transparency, the Government should publish the Justice Impact test. The Government also needs to come clean about how it defines the courts being ready for the reforms. Warm words are no substitute for clear objectives for the justice system.' Justice impact assessments are an internal process and not usually published by government departments, but previous ministers have committed to publishing court reviews ahead of implementing rental reforms. The former Levelling Up, Housing and Communities Committee in a 2023 report said: 'It is not clear whether the Government fully appreciates the extent to which an unreformed courts system could undermine its tenancy reforms.' Furthermore, in a consultation in 2022, the then-government acknowledged that Section 21 was preferred by landlords to other means of eviction – such as Section 8 – as it was perceived as 'quicker and more certain'. Richard Atkinson, president of the Law Society, said of the Renters' Rights Bill: 'The bill will not be effective without further investment in the justice system.' Mr Atkinson also urged the Government to 'provide greater funding and more clarity to the enforcement provisions so that justice is accessible to renters and landlords alike'. In addition to concerns about the justice system, a report has warned impacts of the bill will add almost £900 a year to the average tenancy. The legislation will limit landlords to just one rent increase per year capped at the 'market rate' – the price that would be achieved if the property was newly advertised to let. Landbay said property owners were planning to increase rent by an average of 6pc, which would add £74 to the average monthly rent, or £888 a year. Dr Neil Cobbold, director at property software company Reapit UKI, said: 'The Government's decision not to share the Renters' Rights Bill justice impact test raises serious questions about transparency and accountability. The estimate of changes in the number of court and tribunal cases is a vital tool for understanding how the legislation will affect the property sector – including case volumes – and whether the justice infrastructure is in place to support the change.' The Bill is currently going through the House of Lords before being sent back to the Commons and is expected to receive Royal Assent by summer 2025 and be implemented before the end of the year. The Ministry of Housing, Communities and Local Government was approached for comment. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Telegraph
06-06-2025
- Business
- Telegraph
Labour urged to publish rent reforms impact report as eviction delays soar
Ministers are being urged to publish a report into the impact of rental reforms on the courts as landlords face eight-month delays to repossess their property. Government departments are required to complete a justice impact assessment for any new bills that are likely to impact the UK courts system. Labour's Renters' Reform Bill is set to become law this summer and will include the removal of Section 21 'no-fault evictions'. There are fears the change will force landlords to rely on the courts to regain possession of their properties, adding to existing backlogs. Private landlords faced an eight-month wait from making a claim to the courts to their properties being repossessed in the first four months of 2025, according to the latest government data. Chris Norris, chief policy officer for the National Residential Landlords Association, said: 'The justice system is simply not ready for the impact of the Bill. 'In the interests of transparency, the Government should publish the Justice Impact test. The Government also needs to come clean about how it defines the courts being ready for the reforms. Warm words are no substitute for clear objectives for the justice system.' Justice impact assessments are an internal process and not usually published by government departments, but previous ministers have committed to publishing court reviews ahead of implementing rental reforms. The former Levelling Up, Housing and Communities Committee in a 2023 report said: 'It is not clear whether the Government fully appreciates the extent to which an unreformed courts system could undermine its tenancy reforms.' Furthermore, in a consultation in 2022, the then-government acknowledged that Section 21 was preferred by landlords to other means of eviction – such as Section 8 – as it was perceived as 'quicker and more certain'. Richard Atkinson, president of the Law Society, said of the Renters' Rights Bill: 'The bill will not be effective without further investment in the justice system.' Mr Atkinson also urged the Government to 'provide greater funding and more clarity to the enforcement provisions so that justice is accessible to renters and landlords alike'. In addition to concerns about the justice system, a report has warned impacts of the bill will add almost £900 a year to the average tenancy. The legislation will limit landlords to just one rent increase per year capped at the 'market rate' – the price that would be achieved if the property was newly advertised to let. Landbay said property owners were planning to increase rent by an average of 6pc, which would add £74 to the average monthly rent, or £888 a year. Dr Neil Cobbold, director at property software company Reapit UKI, said: 'The Government's decision not to share the Renters' Rights Bill justice impact test raises serious questions about transparency and accountability. The estimate of changes in the number of court and tribunal cases is a vital tool for understanding how the legislation will affect the property sector – including case volumes – and whether the justice infrastructure is in place to support the change.' The Bill is currently going through the House of Lords before being sent back to the Commons and is expected to receive Royal Assent by summer 2025 and be implemented before the end of the year.
Business News Wales
24-04-2025
- Business
- Business News Wales
Neath Port Talbot Council Set to Host Landlord Support Event
Neath Port Talbot Council is set to host a free event for landlords who rent out properties within the county borough. The Landlord Support Event will take place at Neath Town Hall (1-2 Church Place, Neath, SA11 3LL) on Tuesday 13th May between 4pm and 7pm. Guest speakers from Rent Smart Wales, National Residential Landlords Association (NRLA) and Neath Port Talbot Council will be present to share their expertise. This will include guidance on handling common issues and Leasing Scheme Wales, a scheme offering guaranteed rent payments for five to 20 years. Attendees will also have the opportunity to network with other landlords and speak directly with other support services. The itinerary for the event includes: · 4pm – 5pm: Informal drop-in session with the opportunity to speak to experts that can provide advice and guidance · 5pm – 6pm: Presentations from National Residential Landlords Association and Rent Smart Wales · 6pm – 7pm: Informal drop-in session with the opportunity to speak to experts that can provide advice and guidance The event is for established landlords who may have a portfolio of rental properties, newly established landlords and accidental landlords – someone who may have unexpectedly found themselves owning a home they are able to rent out. Cllr Alun Llewelyn, Neath Port Talbot Council's Cabinet Member for Housing & Community Safety, said: 'The Landlord Support Event is an opportunity for landlords to find out about how they can access essential information and resources that could be of real benefit to them. 'We know that private landlords play a fundamental role in the local housing sector and we are keen to work closely with them.' To secure your space at the event email Sarah Maybery-Thomas, .
