RRB – Will it come into effect as proposed or is it just scare tactics?

RRB – Will it come into effect as proposed or is it just scare tactics?

0:02 AM, 21st January 2025, About 4 hours ago

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Will the RRB come into effect with it’s proposed changes or is it just scare tactics? If so, it’s already working very well.

I am not an experienced landlord and have only been at it for a few years, therefore what is the opinion of the veterans out there?

I have asked what may seem a silly question above and I want to explain why.

One thing I have seen happen many times recently are proposed measures to be put on place, only then to be halted last minute.
Examples of this include:
– Boiler ban, very recently pushed back.
– EPC C or above needed, which was pushed back by Rishi Sunak, could Labour do the same and reverse Ed Miliband’s plan for all private rented properties to meet EPC C targets by 2030.

Outside of the property market there are things such as the ban on ICE cars (petrol/diesel/LPG) being pushed back.

There are many others too that when first proposed have made a lot of money and many seem to be pushing us into a system whereby the world will seemingly become powered solely by electricity and thus getting rid of much of the competition. Another example of this is the push on heat pumps that has majorly cooled off.

Friends with heat pumps only using them for the air conditioning side of things after the realisation of electric heating costs compared to their tradition has boilers.

Is this because the fear of fines or heightening fuel prices pushes many to make what they initially seem to be an ‘econonic’ and perhaps future proofing decision?

I have noticed a large pushback in the EV market.

What are the chances that the same thing will happen in terms of the RRB becoming enforceable with things like S21 gone? I know many have sold whole or large portions of their portfolios already so it can be argued that their job so far has worked well.

Those more experienced than myself, what are your thoughts? Is there any possibility that the PRS can truly ‘live on’ as it was or is selling up and reinvesting in other areas the only way?

Thanks,

Omar


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