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The government’s long-awaited Renters (Reform) Bill looks set to be shelved after Rishi Sunak called a surprise July general election on Wednesday.
The prime minister would not guarantee that the law would pass before parliament shuts down for the election later today.
Talks between the government and opposition parties over which bills to rush through before then are ongoing, as part of what is known as the “wash-up” period – a term used to describe the final days before parliament is formally dissolved.
But there is no sign of the Renters (Reform) Bill on the parliamentary timetable for today.
Sources from both the Conservatives and Labour have told the press that despite ongoing negotiations, the bill will not be debated on today, meaning it will fall once parliament is dissolved.
Labour sources indicated that although they wanted changes, they would have supported the bill as it currently stood.
But a government source argued amendments from cross-bench, or independent, peers in the House of Lords meant there was not enough time to pass the legislation.
The Renters Reform Bill was intended to redress the power balance between renters and landlords, but has been controversially delayed after the government pushed back some of its flagship proposals, including the ban on Section 21 evictions.
First promised by the Tories five years ago, the ban was delayed indefinitely pending court reforms, in what was widely seen as a concession to landlords.
But the Leasehold and Freehold Reform Bill could become law today.
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Is buy-to-let worth it in the UK in 2024?
For those who do it right, buy-to-let is still very lucrative. Rental yields are on the increase, having now risen for 3 consecutive quarters and averaging 6.9% across England and Wales. In Scotland, average gross yield is slightly higher at 7.1%.
Rent price levels are also continuing to increase, up by between 5-6% in 2024 and seeing cumulative growth of around 20% or more over the next five years. As inflation settles this will allow for good levels of rental profit to be made
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Renting can be flexible
If you choose to rent a property, theirs is a sense of freedom that can come with it.
Buying a home is a big commitment and you have to be pretty sure that you’re set on staying in that property and location for the long term . On the other hand, when renting, contracts can come with more flexibility you’ll have the ability to do so more easily.
Make yourself available
If you’re serious about renting, it’s important to make yourself available to view properties as they become available especially in the current market.
The rental market can be incredibly fast paced, with high demand, properties can be snapped up pretty quickly after hitting the market. So, to be in with the best chance of securing the home you want, it’s important to stay flexible and make yourself available as much as possible to go and view as they become available ,Being able to make the appointment sooner rather than later is an advantage and reduce the risk of missing out on a property you like the look off .
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Exeter has transformed into a thriving modern place with strong emphasis on education, culture and commerce, according to a leading organisation which promotes the urban environment. The Urbanism Awards 2023, organised by the Academy of Urbanism, saw Exeter shortlisted for European City of the Year, alongside Amersfoort in the Netherlands and Estepona in Spain. The title was eventually awarded to Amersfoort, but in a new report the judges were full of praise for Exeter. Co-Lead Assessor Tony Duggan, said: “Exeter and its citizens have a strong identity, sense of purpose, and direction for their future. “The city has transformed in recent decades into a thriving modern place with strong emphasis on education, culture, and commerce – cementing its attraction in terms of liveability, intellect, and social value. “Its uniquely strong relationship with its physical natural setting and its good connectivity have been major influences on Exeter’s success, and it is continuing to invest in ways to build upon this and nurture its social value and capital.” Read more ▶▶▶ https://tinyurl.com/2ds6wsh9
