Landlords express concern over Renters Reform impact Mortgage Strategy

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As the Renters Reform Bill looms, over half of landlords (52.2%) are concerned about the impact the forthcoming legislative changes will have on the industry.

This is according to new research from Confused.com mortgages which looks at the current landscape of the buy-to-let sector and the implications of the upcoming Renters Reform Bill.

Over 44% of landlord respondents say they would not let their property to tenants with pets. As part of the Renters Reform Bill, landlords will also be obliged to consider requests to allow pets in lets and cannot unreasonably refuse.

Over 43% of landlords are not willing to let people receive Housing Benefit or Universal Credit and over 15% of landlords wouldn’t consider those with children.

However, proposed legislation for the Renter Reform Bill includes an end to blanket bans on benefit claimants or families with children.

Forthcoming legislative changes were landlords biggest concern for the future of the private rented sector at 52.2%.

A significant portion of landlords (47.7%) plan to keep their number of properties the same over the next two years, while some have yet to make any plans (19.7%).

A small fraction of landlords (9.6%) plan to sell all properties and leave the business.


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