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Accommodation.co.uk is your next-generation lettings agency. We’re changing the renting landscape, making it a better experience for our landlords.

28/06/2022

Why are bad landlords being forced out of the market?

Landlords who do not look after their properties or tenants will either be forced to comply with tighter regulations and ensure their property is well maintained, or they could be hit with a £25,000 fine.

The Government wants to ensure that the rental market in this country is adequate for as many tenants as possible, and has decided the easiest cause of action to achieve this is to ensure those who own properties that are not deemed suitable to live in are held in accordance with minimum standards or punished.

25/06/2022

Who can rent my property and who can’t?

New reforms mean that landlords & letting agents can no longer issue a blanket ban for families that claim benefits if they have children.

Landlords and letting agents can also be challenged by a tenant who has not been accepted to rent a property due to them having a pet, or being prevented from having their pet in the property.

Find out who can & an't rent your property under new reforms here --> https://hubs.li/Q01fzhTr0

24/06/2022

Getting possession of your property will now be easier

Possession cases often take months to go through courts and landlords can miss out on thousands of pounds in rental income.

Under new private rented sector reforms, possession cases will be a higher priority than they have been previously to help landlords recover their asset from a bad tenant

Read more on the reforms here: https://hubs.li/Q01fxtLb0

23/06/2022

Are landlords being punished by the Government?

Many landlords feel they are being forced out of the private rented sector or that the Government is making it harder to get a fair rental price and have control over how they manage their properties.

What the new reforms for the private rented sector aim to do is enforce landlords who do not look after their properties to make suitable accommodation, and hold them accountable for their actions.

It is understood that the Government wants to “crackdown” on landlords who do not look after their properties or tenants and make the private rented sector better for everyone, as well as protect the reputation of landlords who provide good accommodation.

22/06/2022

4 key takeaways from the Renter’s Reform Bill:

👉The Government wants to make suitable accommodation more accessible to tenants and those who wish to get into the private rented sector
👉Plans are being pushed forward for rented homes to have an EPC rating of C or above by 2030
👉It is being made easier to take action against landlords who are not compliant with regulations, old and new, to clean up the private rented sector and give all tenants a better experience
👉It will now be easier for landlords & letting agents to stay up to date with new regulations and make sure they are compliant, as well as for local councils to see who is and who is not compliant and take action as a result of the new Ombudsman and property portal which will be brought in

Do you know how the Renter’s Reform Bill will affect your asset?

Get all you need to know here: https://hubs.li/Q01fhfKJ0

21/06/2022

‘No-fault’ evictions are coming to an end, meaning landlords will no longer be able to get their tenants to move out of a property if there are no reasonable grounds for doing so.

Whilst the Government is abolishing section 21 evictions, they are reforming section 8 evictions and tenants will face mandatory evictions if they have been in serious arrears three times over a three-year period.

There are also new grounds for landlords who wish to sell their rented property, however, the eviction notice period is set to be increased to a minimum of 4 weeks.

Find out more about evictions here: https://hubs.li/Q01f9lfj0

20/06/2022

Should landlords fear the Renter’s Reform Bill?😬

The Renter’s Reform Bill mainly addressed holding bad landlords accountable and announced measures designed to protect your reputation if you are a landlord who looks after your property and maintains it to a good standard, as well as one who looks after your tenant.

The Bill, however, is focused on 3 core areas when it comes to renting in the UK:

✅Ensuring tenants have good quality accommodation
✅Making renting and good quality accommodation more accessible to tenants of all demographics
✅Holding landlords who don’t take care of their properties accountable and cleaning up the market

Read more about what you need to know as a landlord here:

https://hubs.li/Q01f1MPf0

17/06/2022

Everything landlords need to know about the Renter’s Reform Bill🏠

Yesterday, the long-anticipated Renter’s Reform Bill Whitepaper was released, outlining the biggest changes to the private rented sector in over 30 years👀

There are going to be a lot of talking points from the 86-page document about what it means for you as a landlord and your property portfolio.

In this article, we cover everything you need to know as a landlord about the upcoming changes and how they will affect you.

We cover:

👉Grounds for possession
👉Decent Homes Standard, Periodic Tenancies, and Rent Increases
👉Pets and who you can rent your property to
👉The new Ombudsman and property portal for landlords

If you have any questions about the private rented sector shake-up or are wondering how these changes will affect you specifically, get all the answers you need here:

https://hubs.ly/Q01dWM9f0

15/06/2022

Why are landlords leaving the private rented sector?🤔

We’ve seen a lot of landlords leave the market over the past few years, with this number increasing since the end of the first lockdown in 2020.

Landlords who have been in the market for a longer period of time are realising that they will have to spend more money than they would like to in order to make properties they bought 15-20 years ago compliant with new EPC regulations that coming up over the next few years.

Pair this with property prices surging since 2020 and hitting new record highs almost every month and many landlords who entered the market 10 or more years ago want to cash in on this as well as avoid higher costs of maintaining their properties.

Landlords who have been in the market for longer are also growing tired of new regulations coming in which often have a negative impact on the overall management of their properties.

We’ve helped a lot of these landlords who have one or two properties they have been self-managing over the years but are now finding it difficult to keep up with all the new regulations that are coming in.

To see how one of our expert letting agents near you can help you to stay in the market and thrive amid all the changes being made, click here for a no-obligation chat with them:

https://hubs.li/Q01dHPbv0

14/06/2022

260,000 fewer rental properties in the market right now😳🏠

Many landlords have left the private rented sector since COVID, and many will continue to do so as we go into the second half of the year, meaning almost 260,000 homes are no longer available to tenants.👫

For tenants, this means that there is less choice when choosing their next property, which is leading to more competition for suitable accommodation leaving tenants with two choices:

👉Pay higher prices for the property they want
👉Stay in their current property for a longer period

For landlords, this means that they have more tenants to choose from due to the high levels of demand & lower levels of supply so they are more likely to find a suitable tenant. It is also helping them to get higher rents for their property due to the competition for rental homes, or they are seeing fewer void periods as their current tenants are opting to stay in their current property where they are happy instead of trying to find another home.

13/06/2022

The Government’s proposed whitepaper on the Renter’s Reform Bill has been delayed further until Autumn🍂

The whitepaper is supposed to outline the changes to the private rented sector in-depth and cover the abolition of Section 21 evictions and changes made to Section 8.

Originally set to be released to the general public in Autumn 2021 before being pushed back to Spring 2022, this is the second time the whitepaper has been re-scheduled which many landlords are finding frustrating as they need to know what changes they will have to make to the way their portfolio is managed, and what the costs involved to them may be.

Do you think we’ll see the whitepaper this Autumn? Or will it be pushed back again?🤔

11/06/2022

3 top tips to let your property successfully!😃👇

🏡Get a great agent to look after your property
🏡Do your research & get your monthly rent right
🏡Reference your tenant thoroughly

This week's blog dives deep into these three crucial areas when letting your property successfully, and gives you help and advice around choosing your agent, researching the rental market in the area where you own property, and how to make sure you get the right tenant in there so you can always get your rent on time!

Read it here and let us know what you think👉https://hubs.li/Q01dnnCN0

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http://accommodation.co.uk/

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