Goodbye Renters (Reform) Bill: Unloved and unwanted but the fight goes on

Goodbye Renters (Reform) Bill: Unloved and unwanted but the fight goes on

9:47 AM, 31st May 2024, About a month ago 32

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Other than Ben Beadle, are there any landlords who will be mourning the demise of the Renters (Reform) Bill?

It was unwanted by landlords and agents; it would have brought destruction and the big issue I warned about when the final version began its rocky route through Parliament didn’t come to pass.

That’s the effective handing of control from the property owner to the tenant. Absolutely outrageous, and from a Conservative government too.

But wait! We still have to endure what the political parties have planned for the private rented sector when they unveil their manifestos.

I’m sure none of it will be pretty – especially the offering from Labour.

What they would do if elected

None of them have even hinted as to what they would do if elected – and I’m guessing there’s a good reason for that.

On the horizon, we have the ‘delight’ of Labour’s intentions which might include the long-held promise to abolish section 21 ‘on day 1’.

But will they put this into a campaign promise?

Here we are looking at a General Election when Labour must make itself look electable.

That means no more sixth-form politics and no spouting off when there’s no comeback – one of the joys of having ‘luxury’ opinions when they don’t affect you.

However, Labour now faces a real test after years of slagging landlords off.

And it’s the prospect of landlords selling up once we see what they might have in store for us, so they might think twice.

Landlords haven’t had a voice

Until Rishi fired the starter gun, landlords haven’t had a voice, but we’ve been handed a great hand of cards and we can be influential over the coming weeks.

But it means that we must tell tenants that a proposal to prevent landlords from gaining possession will have consequences.

And the notion that tenants might have should Labour get in that they can’t be evicted needs nipping in the bud. Just like in lockdown when a rent cap/holiday was mooted, and some tenants thought they could live rent free.

However, it’s one thing for Labour to criticise a sitting government – it’s something else to explain how you would do things differently.

The end of the RRB means Labour can’t now blame the Tories for what happens next and there’s an opportunity to make clear what they will do.

A promise to end the housing crisis? An eviction ban? A nationwide rent cap?

Soundbites for the sake of it

Angela Rayner’s nonsense about house building and getting rid of section 21 will be shown to be the idiocy it always was – soundbites for the sake of it.

Let’s be honest too, the Tories need to be careful with its manifesto after ignoring landlords in the RRB when announcing their housing plans.

And I still find it difficult to understand how the Conservatives had an 80-seat majority to deliver change and squandered it.

It doesn’t help that the NRLA says it was ‘hugely disappointed’ that the RRB bit the dust.

I’m disappointed in the NRLA, but not surprised.

In the election countdown, we’ll need a strong body representing landlords to spell out clearly what the problems in the PRS are – and why Labour will make them (much) worse.

That’s because I fear that Labour has spoken to Shelter, Acorn and Generation Rent and is taking their ideas on board.

Capture the tenants’ vote

Can you imagine the wish list those organisations have, and Labour might be sweet-talked into believing this is a way to capture the tenants’ vote.

The term ‘housing emergency’ will be bandied about without any explanation of what it is – or why it has come about.

So, we should expect an evictions ban, the end of section 21 and a rent cap.

If that does happen, landlords can’t rely on the likes of the NRLA to speak out.

What Labour’s plans mean

We all need to write to our tenants and explain – in detail – what Labour’s plans mean.

And why it’s likely we will have to sell, and the tenant will have to find somewhere else to live. In a market where lots of landlords are getting out early in a bid to beat the crusher.

Labour will talk about tenants’ rights but not the 160+ laws landlords have to follow.

Labour will talk about the cost-of-living crisis and controlling rents, not about the rising costs facing landlords.

Labour will talk about empowering tenants and making their tenancy secure because it is ‘their home’, ignoring property owner’s rights.

But they – and the Conservatives – won’t talk about landlord rights or levelling the playing field so we end up being treated with respect in the provision of homes.

A Landbay survey this week says 12% of landlords are voting Labour. Really? Who are you? Why?

Strength of private landlords in the UK

But, I believe, we are about to see the strength of private landlords in the UK.

We hold a whip hand and the sanction of selling up should be recognised for the potential housing chaos it will create.

Landlords everywhere will find out exactly where they stand – and politicians and tenant advocacy groups will see how strong we really are.

Politicians also need to recognise that most landlords are older but still pay taxes and still work to deliver quality homes for tenants. They won’t want the hassle if landlording becomes too difficult or taxing.

We will learn why Labour and the Lib Dumbs have been so quiet about the PRS after years of wanting more tenant rights.

We will see in real-time politicians shooting themselves and their campaigns in the foot.

This is a conversation I doubt they want to have.

It’s going to be an interesting few weeks!

Until next time,

The Landlord Crusader


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Comments

TheBiggerPicture

12:22 PM, 31st May 2024, About a month ago

Reply to the comment left by Stella at 31/05/2024 - 11:10
Could it be because the FCA tells banks how they must operate. Therefore they are an extension of government?

Dennis Leverett

12:24 PM, 31st May 2024, About a month ago

My experience of trying to educate tenants is not good because they believe all the media rubbish against us landlords from the likes Shelter etc.. Even local friends who aren't landlords see landlords as money grabbing and greedy and again believe all the media, but of course they know that I am a decent landlord!!!. I've given up trying to educate them. Still, at the end of today I am no longer a landlord and last house is on the market already. Be nice to actually get some of my hard earned dosh back, but what to invest in now? Might trade my 18 year old Citroen in for a nice Ferrari, trouble is not in my blood to do that. Always made my spare cash work for me. Would like to thank Letting Supermarket, if allowed on here, for their excellent service over the many previous years of landlording.

TheBiggerPicture

12:25 PM, 31st May 2024, About a month ago

Spot on with the unbalanced attitude

"Labour will talk about tenants’ rights but not the 160+ laws landlords have to follow.

Labour will talk about the cost-of-living crisis and controlling rents, not about the rising costs facing landlords.

Labour will talk about empowering tenants and making their tenancy secure because it is ‘their home’, ignoring property owner’s rights."

I once knew a landlord with 5 properties that used to complain that the rich should pay more taxes. They were surprised when it was put to them that they might be considered rich. So there's one labour voter

Stella

12:52 PM, 31st May 2024, About a month ago

Reply to the comment left by TheBiggerPicture at 31/05/2024 - 12:22
That is a good point and the most likely the reason that they are staying silent.

Ian Narbeth

14:10 PM, 31st May 2024, About a month ago

I disagree with the thesis of this article. As I have said elsewhere, the RRB is bad but it is coming. If Labour get a working majority (and even if they need to rely on other parties), they will reintroduce the Bill or an even worse Bill.
The Tories have ended up pleasing nobody. The Bill may even become law sooner than if Rishi had not called the Election.

Stella

17:29 PM, 31st May 2024, About a month ago

Reply to the comment left by Ian Narbeth at 31/05/2024 - 14:10
In my opinion this is why it is a bad idea to vote for a party that might hemorrhage votes from the Conservatives.
Labour will have worse in store for us.

Arthur Oxford

23:25 PM, 31st May 2024, About a month ago

Reply to the comment left by moneymanager at 31/05/2024 - 12:01
You took the words out of my mouth! Is Ben Beadle a landlord? I think it's about time we knew. Virtually everything he has done thus far would point to a negative answer in that regard. All I can see is that he has worked for a private "property investment education" company, he's been a JP and would like to have got into politics, but didn't know the right people! I personally do not feel that he has represeneted our community with any moral authority or personal experience at all. I thing he's an awful advocate and has abjectly failed to create any sort of momentum for our type of small business. In short, a total failure and I cannot understand why anyone would waste their money supporting the merged organisation of which he is head. There is absolutely no value in it at all. I refer you to the "Peter Principle".

Dennis Leverett

7:29 AM, 1st June 2024, About a month ago

Reply to the comment left by Arthur Oxford at 31/05/2024 - 23:25
I think it fair to say that the "Peter Principle" applies to almost all of those running our country. This is perfectly shown in nearly all cabinet moves on a regular basis, no good at one job so moved to another even more no good at. Excuse grammar. Yes Ben Beadle is a perfect example but of his own making.

moneymanager

11:40 AM, 1st June 2024, About a month ago

Reply to the comment left by Reluctant Landlord at 31/05/2024 - 12:08
'where do families go', quite simply, families are intended to go, finito, you might recall the opening line of 'Brave New World', 'A squat grey building of only thirty four storeys' which was The London Hatchery, all babies being artificially created and directed in their development by the state, the whole concept of parenthood was abolished and vaginal birth was reduced to a disgusting historical artifact and sexual intercourse was mere entertainment, total control by the state on every facet of our lives, call it corporatism or communism, it's the same thing, we need an alternative.

Northern Observer

16:02 PM, 1st June 2024, About a month ago

If you want to see what Labour have in store for us, read this from the shadow chancellor
Rachel Reeves
https://www.rachelreevesmp.co.uk/wp-content/uploads/sites/96/2020/09/374425087-Rachel-Reeves-The-Everyday-Economy-1.pdf

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