BREAKING NEWS FOR WEMBLEY LANDLORDS - New Renters Law Delayed
Yesterday, the government reversed its decision to release the much-anticipated Renters Reform Bill this week, according to The Mirror newspaper.
The delay in introducing the Bill to Parliament is attributed to "procedural issues."
The Conservative administration initially promised the Bill in 2019, and Housing Secretary Michael Gove recently stated that it would finally be published this week, shortly after the Coronation.
However, The Mirror reported yesterday that the government has postponed the long-awaited overhaul due to "procedural issues," despite pledging to publish the Renters Reform Bill this week, more than four years after the Conservatives initially vowed to eliminate no-fault evictions.
Speculation over the Bank Holiday weekend suggested that Tory backbenchers were dissatisfied with the proposed legislation, which they perceived as favouring tenants and being unfavourable to landlords.
A spokesperson from the Department for Levelling Up, Housing & Communities emphasised their unwavering dedication to providing renters with a fairer deal.
They assure that legislation, which will include a ban on "no-fault" evictions, will be introduced very soon.
This aims to enhance tenants' security in their homes and empower them to challenge substandard conditions.
Additionally, they plan to establish a Decent Homes Standard for the Private Rented Sector for the first time, ensuring that privately rented properties are safe and habitable.
Of course, when the government decide what it is doing, we will let know.
In the meantime, as always, should you have any questions about the Wembley buy-to-let property market, don’t hesitate to call us on +44 20 8903 3909