Housing pledges for the lettings industry from new Labour government

Posted 4 months ago.
Housing pledges for the lettings industry from new Labour government
News
 > Housing pledges for the lettings industry from new Labour government

The new government’s Chancellor Rachel Reeves has committed to abolishing Section 21 ‘no-fault’ evictions, that allows landlords to legally evict tenants for no given reason with a notice period of two months.

Originally part of the Conservative’s Renters (Reform) Bill it was delayed due to the backlog in the courts and eventually the bill failed to pass before the general election was called. The Labour government has also pledged to extend ‘Awaab’s Law’ to the private rental sector. This law was passed after the tragic death of Awaab Ishak aged just two, as a direct result of exposure to mould in the social home his family rented from Rochdale Boroughwide Housing. The law requires social housing landlords to adhere to strict time limits to address dangerous hazards such as damp and mould in their properties and forms part of the Social Housing Regulation Act. A Warm Homes plan will also be introduced and minimum energy efficiency standards by 2030.

Tenants will be empowered to challenge unreasonable rent increases (although few details have been provided on how they will do this). Reforming leaseholds by banning new leasehold flats and ensuring commonhold is the default tenure is another pledge. Reeves also re-committed to the Labour manifesto promise to build 1.5 million homes before the end of this Parliament. Rightmove’s most recent analysis shows that approximately 120,000 more rental properties are needed on the market to bring rent growth back to more normal levels of around 2% per year, based on current levels of demand.

Don’t miss our next article, subscribe to our news updates

Recent articles

Will your rental property meet the latest EPC standards?

Posted 3 weeks ago
An estimated 2.9M UK rental homes need EPC upgrades to C by 2030, costing £23.4B.…
Will your rental property meet the latest EPC standards?

House prices still on the rise

Posted 3 weeks ago
UK house prices rose 0.3% in September to £293,399. Improved mortgage affordability boosts demand, but…
House prices still on the rise

Tenant demand outstripping supply

Posted 2 months ago
Tenant demand outpaces supply with 8 applicants per property. Rents rise 7% in August, averaging…
Tenant demand outstripping supply

We use cookies on this website. You are free to manage cookie settings via your browser at any time. To learn more about how (and why) we use cookies, please take a look at our Privacy Policy.

Ok, got it!

Stay informed & sign up for exclusive updates

Be the first to know about our latest listings, local news, industry insights, and expert advice. Join our regular newsletter for exclusive updates and valuable information.

By submitting your email, you are acknowledging your have read and agree with our privacy policy.