Officials from the Ministry of Housing, Communities and Local Government (MHCLG) working on the Renters’ Rights Bill spent 90 minutes with member representatives from across the country listening to the specific concerns of members and their clients about the proposed legislation. Propertymark has launched a member toolkit to support members share their expert perspectives with their local MPs and encourage them to work with us to find real solutions to the housing crisis, plus resources to help facilitate positive conversations with landlords.

The Renters’ Rights Bill is progressing through Parliament at pace, with the Second Reading of the legislation happening on 9 October, and Propertymark has launched a programme of support to help the sector prepare. Our recent webinar on the widely anticipated new law helped alert agents to why it will prove to be one of the biggest changes to the rental market in over three decades, and we have partnered with renowned legal expert Tessa Shepperson to provide training on the Bill and its implications.

Officials from the Ministry of Housing, Communities and Local Government (MHCLG) joined Propertymark’s Regional Executives for a forum on 25 September, where member feedback was presented on plans for the Bill. After the guide to the Bill, released on 26 September, we communicated with Housing Minister Matthew Pennycook, MP, to reiterate the concerns raised by practising letting agents.

The Secretary of State for Energy has committed to boosting minimum energy efficiency standards by consulting on proposals for private and socially rented homes to achieve Energy Performance Certificate C or equivalent by 2030.

The UK Government announced measures affecting letting agents, landlords, and tenants at the 2024 Labour Conference with Awaab’s Law legislation being brought forward to Autumn 2024 for the social rented sector with a consultation on a new Decent Homes standard across all rented sectors imminent.

Although the economic outlook remains mixed, the quarter ended with inflation in line with the Bank of England’s target, a precursor to a long-awaited reduction in the base rate. Our agents are bullish regarding capital values and rent levels in key sectors including the Industrial and Land and Yards sectors where demand continues to outstrip supply.

As part of its brownfield-first approach to development, the UK Government has announced plans to support and expedite the approval of urban sites to sit alongside their plans to deliver 1.5 million homes.

Based on findings from a survey of over 700 letting agents, The Property Ombudsman (TPO) has published new guidance to help agents, landlords and tenants to deal with condensation, damp, and mould in their properties. Casework undertaken by the service in 2023 included over 1,000 enquiries, 200 investigations, and £36,000 in compensation awarded for cases involving damp and mould.

Deputy Prime Minister and Housing Secretary, Angela Rayner, MP, addressed the inaugural meeting of the New Towns Taskforce on 17 September 2024, asking them to identify and recommend locations for the next generation of new towns within 12 months.

The ongoing cost of living crisis and challenging economic environment have significantly increased the demand for guarantor services, as many tenants face financial uncertainty. This growing market underscores the importance of partnering with a reliable guarantor service which provides the necessary security for landlords and letting agents to continue renting properties with confidence, even in uncertain times.

Includes recommendations on how those dependent on welfare support can have better access to the Private Rented Sector (PRS), and how letting agents and landlords can be supported to improve access to the PRS for other vulnerable groups.

Regulation offers the potential to professionalise the industry, stamp out bad practice, create transparency and give consumers more control over who manages their property. Minimum qualification requirements and statutory Code of Practices to be adhered to by all letting and managing agents in England and sales agents across the UK should be introduced.

The Renters Rights Bill represents a significant overhaul of the way that the private rented sector functions. Following its introduction to parliament on 11 September 2024, myths and misconceptions have begun circulating throughout the property sector and amongst consumers about what the proposed legislation means in practice. With so many seeking clarity, Propertymark is here to provide confidence about what is going to change and what will remain the same.

From 9 December 2024, fees will double for accessing and obtaining copies of title plans and registers – the first change to the cost in more than 10 years – and customers with automated systems are advised to make the necessary changes to their systems before the implementation date. According to HMLR, even with this increase, most customers will pay less than in 1992.

The culprit claimed she could not afford to carry out maintenance at the property, and ignored an Improvement Notice and further requests from the Health and Safety Executive (HSE). For several years, tenants at the property were forced to put up with a temperamental boiler that often left them without heating or hot water, as well as a condemned cooker. An HSE investigation found that the landlord was receiving full rent from the tenant at the time enforcement action was taken.

The Renters' Reform Bill was introduced to parliament on 11 September 2024. If passed without amendment, the Bill will significantly overhaul the structure for private rented sector housing and repeal Section 21, alongside a number of other significant measures including the removal of fixed term tenancies, the expansion of Rent Repayment Orders, and a new landlord Ombudsman. There are many hurdles for the Bill to clear as part of the process of parliamentary scrutiny, but as Labour have a majority in the House of Commons the legislation could go through as quickly as next spring, with the reforms being implemented by late summer 2025.