{"id":10350,"date":"2023-05-10T11:14:48","date_gmt":"2023-05-10T10:14:48","guid":{"rendered":"https:\/\/cliffordosborne.co.uk\/?p=10350"},"modified":"2023-05-10T11:39:30","modified_gmt":"2023-05-10T10:39:30","slug":"tough-times-ahead-for-landlords","status":"publish","type":"post","link":"https:\/\/cliffordosborne.co.uk\/tough-times-ahead-for-landlords\/","title":{"rendered":"Tough times ahead for landlords?"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container has-pattern-background has-mask-background nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><p>More than two in five landlords are not aware of the proposed Renters Reform Bill, a new study\u00b9 has claimed, despite the impact it will have on their portfolios. But should landlords be worried about the renters reform bill?<\/p>\n<h2>What could change?<\/h2>\n<p>The proposed legislation of the renters reform bill, which was set to be voted on before May 2023, includes many significant elements. If passed in full, the renters reform act will:<\/p>\n<ul>\n<li>Scrap section 21 \u2018no fault\u2019 evictions<\/li>\n<li>Create a register of landlords<\/li>\n<li>Introduce a private rented ombudsman to help enforce renters\u2019 rights<\/li>\n<li>Make it illegal for landlords and agents to refuse to rent properties to people who receive benefits<\/li>\n<li>Give local authorities more power to enforce and protect renters\u2019 rights.<\/li>\n<\/ul>\n<h2>What do landlords think?<\/h2>\n<p>When asked what landlords thought of the renters reform bill, a survey found that 47.55% of landlords are \u2018strongly concerned\u2019 or \u2018concerned\u2019 about not being able to refuse to rent properties to people who receive benefits.<\/p>\n<p>Similarly, landlords are worried about the renters reform bill due to changes to section 21 evictions (45.45%), private rented ombudsman (43.86%), property registration (42.65%) and the right to request a pet in their house (41.45%).<\/p>\n<p>Increased pressure to remain compliant with this act will add to the pressures placed on landlords and could lead to some selling up, the study suggests.<\/p>\n<h2>Get in touch<\/h2>\n<p>Clifford Osborne are independent mortgage advisers based in Eastbourne, East Sussex. We serve clients in Tunbridge Wells, Brighton, Lewes, Uckfield, Hastings, Bexhill, Seaford, Newhaven and further afield.<\/p>\n<p>Please <a href=\"https:\/\/cliffordosborne.co.uk\/contact\/\">contact our friendly team<\/a> for more information or to book a free initial review.<\/p>\n<p>Read our <a href=\"https:\/\/cliffordosborne.co.uk\/testimonials\/\">VoucherFor reviews<\/a> to find out what our clients have to say.<\/p>\n<p><strong>As a mortgage is secured against your home or property, it could be repossessed if you do not keep up mortgage repayments. Think carefully before securing other debts against your home.<\/strong><\/p>\n<p>\u00b9Finbri, 2023<\/p>\n<p style=\"font-size: 7pt;\">It is important to take professional advice before making any decision relating to your personal finances. Information within this blog is based on our current understanding of taxation and can be subject to change in future.<\/p>\n<p style=\"font-size: 7pt;\">It does not provide individual tailored investment advice and is for guidance only. Some rules may vary in different parts of the UK; please ask for details. We cannot assume legal liability for any errors or omissions it might contain. Levels and bases of, and reliefs from, taxation are those currently applying or proposed and are subject to change; their value depends on the individual circumstances of the investor.<\/p>\n<p style=\"font-size: 7pt;\">The value of investments can go down as well as up and you may not get back the full amount you invested. The past is not a guide to future performance and past performance may not necessarily be repeated.<\/p>\n<p style=\"font-size: 7pt;\">If you withdraw from an investment in the early years, you may not get back the full amount you invested. Changes in the rates of exchange may have an adverse effect on the value or price of an investment in sterling terms if it is denominated in a foreign currency. Taxation depends on individual circumstances as well as tax law and HMRC practice which can change.<\/p>\n<p style=\"font-size: 7pt;\">The information contained within the blog is for information purposes only and does not constitute financial advice.<\/p>\n<p style=\"font-size: 7pt;\">The purpose of the blog is to provide technical and general guidance and should not be interpreted as a personal recommendation or advice.<\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>More than two in five landlords are not aware of the proposed Renters Reform Bill, despite the impact it will have on their portfolios.<\/p>\n","protected":false},"author":2,"featured_media":10351,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,8],"tags":[123,124,125,192,193,406,405,194,195,196],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Are there tough times ahead for landlords? 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