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Hackney Council is consulting on plans to introduce two new five-year licensing schemes in the private rented sector (PRS) from early 2026, arguing that they will improve standards. Propertymark supports the aim of raising housing standards, but we strongly urge Hackney and other local authorities to rethink their approach. A healthy PRS is fundamental to meeting growing housing demand, and under-resourced licensing schemes too often end up penalising good landlords and agents while allowing poor practice to persist.
The Leasehold and Freehold Reform Act 2024 (LAFRA) was fast tracked through Parliament in May 2024, ahead of the last UK general election, but not all sections of the legislation have yet been brought into force. The reforms affect approximately 4.5 million leasehold homes in England and Wales, but are now being challenged by freeholders, who claim the provisions infringe their human rights.
The Bill has completed its journey through the House of Lords, bringing significant changes and implications for letting agents and landlords. It will now return to the House of Commons for approval of the amendments from 8 September 2025. Here's our summary of the main changes that agents need to be aware of, and how Propertymark is supporting members through the transition.
Central to the Bill is the complete shift from Assured Shorthold Tenancies (ASTs) to Assured Periodic Tenancies in England, which will bring an end to fixed-term rental contracts altogether. While it will require adjustment, those who act now—by updating processes, seeking professional advice, and making full use of industry resources—will be best placed to adapt and thrive in the new landscape.