The UK Government has published a Fairer Private Rented Sector White Paper that claims it will redress the balance between landlords and 4.4 million tenants in the private rented sector (PRS).
The UK Government has announced the first instalment of the new cost of living payment will be given to households receiving income-related benefits from 14 July 2022, with a further instalment in the Autumn.
Research reveals the full extent of landlords’ exit from the PRS (private rented sector) indicating the rate at which the sector is shrinking.
The Lettings Industry Council (TLIC) has published a report making practical and workable recommendations based on the expected changes to be introduced in the Renters' Reform Bill.
The UK Government has launched a new £15 billion package targeted at those most in need. As living costs continue to increase, agents and landlords will want to ensure that their tenants receive all the help to which they are entitled.
Building on the Breathing Space provisions implemented in 2021, the UK Government has published detailed proposals for Statutory Debt Repayment Plans (SDRPs) for consumers struggling with debt in England and Wales.
The Queen’s Speech on 10 May 2022, saw the UK Government announce that it would bring forward legislation to reform the private rented sector in England.
New notice to quit periods are now effective for landlords and letting agents in Northern Ireland as the Private Tenancies Bill received Royal Assent, creating the Private Tenancies Act (Northern Ireland) 2022.
PRS REPORT: Data collected from our members continues to indicate signs of ongoing disparity in supply and demand with tenants remaining in their properties for longer periods of time.
Propertymark conducted a series of roundtable discussions that sought input and evidence to inform our response to the consultation, which proposes fundamental and far-reaching changes to the private rented sector (PRS) in Scotland.
For tenants experiencing increasing financial pressure, rental debt can be a burden, and when things go wrong, debt repayments can further reduce their ability to pay the rent.
The Northern Ireland Executive announced improvements to Discretionary Housing Payments (DHPs) which can be made to private tenants to cover a shortfall between benefit payments received and rent incurred.
Propertymark hosted three sessions with members and the Scottish Government on aspects of the Draft Rented Sector Strategy consultation.
Agents shoulder the responsibility of collecting rent, and late payments from tenants can delay remuneration for landlords and agents alike.
The Coronavirus (Recovery and Reform) (Scotland) Bill 2022 is currently making its way through Holyrood, which is one of the promised changes by the Scottish Government to the private rented sector (PRS).
The Scottish Government’s Coronavirus (Recovery and Reform) Bill proposes to make all eighteen grounds for possession discretionary on a permanent basis, as well as retain pre-action protocols relating to rent arrears.