02071831101

Renters Reform Bill – The bullet points

Frustrated by mortgage options? You need a specialist mortgage broker

Table of Contents

This is one of the better articles that lays out the basis of the rental Reform Bill that went into law today. There will surely be a great deal more discussion around the realities of this bill which we will cover, but here are the raw bullet points:

  • Section 21 no-fault evictions have been abolished. 4 months notice required if you plan to sell and if you cannot sell you cannot rent the property again for 12 months.
  • Periodic tenancies, or rolling contracts that don’t have an end date, will replace fixed-term tenancies.
  • Landlords can only up their rents once per year, and then this can only be to the market rate. You cannot accept a rent higher than advertised. You cannot charge multiple months upfront anymore.
  • A tenant must have missed three months’ payments before they can be evicted.
  • Landlords will be required to register themselves and their properties on a new digital database to legally let out their home and demonstrate they are compliant.
  • Tenants will now be able to complain for free to a dedicated private sector landlord ombudsman that will provide a binding resolution on disputes.
  • It’s illegal to enforce policies such as ‘no DSS permitted’ or ‘professionals only’ on rental adverts. Benefits can be considered when assessing a tenant’s affordability.

 

 

Picture of Author: Stuart Phillips

Author: Stuart Phillips

Fully CeMap qualified, Directly Authorised by the FCA and with over a decade of experience, Stuart has a wealth of experience in both specialist BTL and residential mortgages.

Get in touch

Contact Us

020 7183 1101

Get Live Quotes

Services we offer

Related Articles

Sign Up to the Newsletter

Get a weekly newsletter  with the latest rates, industry news and featured posts