With the right tools, advice and support from professionals, the experience of being a landlord can be transformed and is likely to remain a sound investment.
Propertymark Protected
Anyone thinking of selling their buy-to-let properties should make sure that they have considered all the alternatives before taking that big step. A Propertymark agent can help explore the options and find ways to overcome the barriers a landlord is facing that are driving them to this radical choice, which in turn impacts those looking for quality property to rent.
Almost everything can be overwhelming when trying to tackle it alone. Just as nobody would think twice about consulting a solicitor for legal advice, the first port of call for advice on landlord issues should be a highly trained Propertymark expert. Whatever the problem faced, there will be options to explore, and solutions to be found.
Economic difficulties
As the world emerges from an unprecedented global pandemic into an economic readjustment, many landlords are re-evaluating their position. Coupled with ever-changing regulatory requirements, increasing numbers of landlords are deciding that enough is enough. A survey by the District Councils Network in late 2021 found that 76 per cent of councils responding had seen an increase in landlords selling up and a corresponding rise in demand for rented property.
However, a decision to exit the buy-to-let market is likely to be premature and ill-advised. Propertymark’s monthly PRS Reports show rents increasing over the last three months, void periods at their shortest for many years and high numbers of tenants seeking properties. By taking advantage of the help and support available, it can still make good sense to be a landlord.
Navigating the requirements of being a landlord is not easy, particularly for someone new to the experience or who lacks the time or expertise to keep on top of evolving demands. Propertymark agents are professionals who are required to be trained to a higher standard than the law demands and can offer advice and support to make the experience of being a landlord simpler. They understand the pressures that landlords are under and can cut through the jargon and confusion to provide the answers and solutions needed, whatever the situation.
Landlord guides
There are a number of important factors to consider for anyone thinking about letting their property. From practical advice to legal responsibilities, our guides are here to help.
We have a range of free guides to help with the most common issues, and other resources are available to simplify the process of keeping on top of all the requirements. When dealing with a Propertymark agent, landlords can be assured that they are up to date on current and forthcoming regulation and undergo regular professional training and checks.
Are you Propertymark Protected?
Letting agents can value the potential rental yield for your property, undertake referencing, tenancy agreements, deposit protection, maintenance, inventories and ensure you're compliant with the law. By using one of our members you are guaranteed to be consulting with a professional agent who will give you up-to-date advice and guidance.
Welsh housing support extended to March 2027
Schemes designed to help people buy and renovate homes are expected to help up to 400 additional households purchase new-build properties and support bringing as many as 300 long-term empty homes back into use. Mortgage assistance will also remain available to eligible existing homeowners experiencing financial difficulty.
Higher-risk building reforms aim to make safety processes more proportionate
Two linked announcements are intended to reduce unnecessary delay, complexity and cost within England’s higher-risk building regime. One will change how occupied buildings are assessed, while the other could allow a wider range of urgent safety work to proceed without prior approval.
Welsh Rental Bill planned for 2027 as Propertymark calls for workable reform
Legislation is being prepared that could reshape the private rented sector in Wales. Propertymark is already engaging with Welsh Government Ministers and officials to ensure that new duties are proportionate, evidence-based, and achievable for agents.
Flood Re reforms will reshape premiums and reward resilient homes
Changes will include cheaper contents cover for some households, Flood Performance Certificates, premium discounts for resilient properties, and a revised approach to claims. The Scheme has helped more than 742,000 households access flood insurance since its launch in 2016, but rising claims, higher reinsurance costs, and the growing number of properties identified as being at risk have put it under increased pressure.
Get qualified now to future-proof your career
The UK Government has taken its most significant step towards regulating property agents since the RoPA (Regulation of Property Agents) Working Group published its recommendations in 2019. Property professionals can prepare for future requirements now by gaining a recognised qualification, with financial support available through The Propertymark Trust’s Class of 26 initiative.
Stamp Duty changes ruled out as housing priorities take shape
Prime Minister Andy Burnham’s first days in office have brought several announcements and appointments with implications for the property sector. Angela Rayner has returned as Housing Secretary, rent controls have been ruled out for England, targeted business rates support has been announced, and Burnham has confirmed that Stamp Duty will not change at the Autumn Budget.
