Letting agents will help landlords stay on top of new regulations in 2025

Letting agents will help landlords stay on top of new regulations in 2025

0:02 AM, 19th December 2024, About 3 hours ago

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Letting agents will offer more services to landlords in the New Year as the Renters’ Rights Bill looks set to become law, says Goodlord.

The lettings technology platform explains that agents will play a key role in helping landlords stay on top of new rules and regulations in 2025.

Goodlord adds that many landlords are concerned about keeping up with compliance checks amid the upcoming changes.

2025 will be a year of diversification for agents

Oli Sherlock, managing director of Insurance at Goodlord, said: “I predict that 2025 will be a year of diversification for agents. It’s likely that we’ll see a noticeable increase in the number of lettings specialists who offer a broader, more nuanced range of services for the landlords in their portfolio.

“I expect agents to realise the value in their management of compliance and believe they have a real opportunity to improve the definition of their landlord proposition and therefore their fees.

“In our most recent State of the Lettings Industry, just under a third (29%) of landlords cited compliance as the main advantage of using a letting agent, up from 17% in 2023. This will likely rise further in 2025 as the Renters’ Rights Bill hits the statute books – something 70% of landlords feel negatively about.”

Retention of landlords will be important

Mr Sherlock adds that keeping landlords in the sector will be important to help maintain the balance between supply and demand.

He said: “This more diversified service offering will also likely include more agents handling insurance, move-in services, and auxiliary needs for landlords.

“Retention of landlords will be as important (if not more so) than attracting new business, so engaging with any product/service that increases revenue whilst supporting a tighter relationship with landlords will be advantageous.”


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