Renters Reform Bill Fails to Pass Before Snap Election

The Renters (Reform) Bill, intended to prohibit landlords from evicting tenants without cause, will not become law due to insufficient time before Parliament is dissolved this Friday. Prime Minister Rishi Sunak announced a General Election for 4th July, meaning MPs will not return until after the election. While some bills, like the Leasehold and Freehold Reform Bill, are being debated, the Renters (Reform) Bill is not on the agenda.

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Industry Reaction: National Residential Landlords Association

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Ben Beadle, Chief Executive of the National Residential Landlords Association, expressed disappointment:

"If true, it is hugely disappointing that this Bill will not now make it into law. Despite being in a state that worked for both tenants and responsible landlords, there has been excessive delay and lack of clarity from the government. This indecision has created significant uncertainty for the private rented sector.

"Reforming the sector remains a priority for the next government. We will collaborate to ensure changes are fair and practical, empowering tenants to challenge rogue landlords while maintaining the confidence of responsible landlords to continue investing in property."

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Leaders Romans Group: Addressing the Impact on Property Investment

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Allison Thompson, National Lettings Managing Director of Leaders Romans Group, shared her views:

"We are deeply disappointed that the anticipated Renters (Reform) Bill will not pass due to the upcoming election. This Bill, developed over several years, aimed to address crucial issues affecting both tenants and landlords.

"The Bill's failure is a significant setback. Though many provisions were contentious—such as periodic tenancies, the abolition of Section 21, court delays, and the right to request a pet—continued dialogue and amendments could have addressed all stakeholder concerns, benefiting the rental market.

"LRG has always advocated for a balanced approach, protecting tenants' rights and landlords' interests. The Bill's failure underscores the need for comprehensive housing policies that ensure stability and address the critical shortage of quality rental homes. With the UK in a housing crisis, the incoming government must prioritise long-term housing solutions. The sector's stability requires consistent and committed leadership, a focus sorely lacking over the past 13 years with 16 different housing ministers."

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Propertymark's Perspective on Buy-to-Let Market Stability

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Timothy Douglas, Head of Policy and Campaigns at Propertymark, commented on the situation:

"The legislation was introduced very late and, while trying to please everyone, it ended up pleasing no one.

"Many agents will feel relieved that the current government’s plans to alter fixed-term tenancies and reform eviction grounds with little understanding of the unintended consequences will not pass. However, this relief is overshadowed by uncertainty regarding the next government's actions.

"Propertymark remains dedicated to engaging with politicians from all parties. We will continue to advocate for agent regulation, tax reform, additional resources for courts and enforcement authorities, and the preservation of flexible tenancy options. These measures are crucial to maintaining the success of the private rented sector."

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Future of Housing Policies and Property Investment

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As the UK grapples with a housing crisis, it is essential for the next government to prioritise housing policies that offer stability and long-term solutions. The frequent changes in housing ministers highlight a lack of continuity and commitment. The incoming administration must place housing at the forefront of its agenda to provide the sector with the consistency and focus it desperately needs. Effective property investment strategies and buy-to-let policies are vital for the continued success and stability of the housing market.

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Now is the perfect time to explore the exciting possibilities that property investment holds. Feel free to get in touch with us today.