With the recent shift to a Labour government, landlords in England and Wales face a new landscape. Labour’s pre-election manifesto heavily focused on housing, a priority reflected in the King’s Speech on July 17th. The upcoming months and years are likely to bring significant changes to the private rented sector (PRS).
Rental Reform and Section 21
Labour is expected to revisit the Renters (Reform) Bill (RRB), which was abandoned before the election. While Labour had supported the RRB, they have proposed a more tenant-focused approach called the “Renters’ Charter.” A major change likely to come is the abolition of Section 21, which would end ‘no-fault’ evictions. Although promised on the first day in office, Labour now suggests this change will take more time, especially given the current backlog in the courts. Other expected reforms include extending the notice period for rent increases from two to four months and ending automatic eviction for serious rent arrears.
National Landlord Register and Decent Homes Standard
Labour plans to introduce a mandatory national landlord register, requiring landlords to register themselves, their properties, and demonstrate compliance with a new Decent Homes Standard. This move aims to raise the standard of private rented homes, ensuring they are safe and well-maintained.
Energy Efficiency and EPC Ratings
Labour's commitment to Net Zero by 2050 includes raising the minimum EPC rating for rented properties to C by 2030. Although less immediate than previous Conservative plans, landlords should prepare for this transition to avoid future penalties and make their properties more attractive to tenants.
Planning Reforms and Affordable Housing
Labour also promises a “blitz” of planning reforms to boost housebuilding and deliver 1.5 million new homes within their first term. This includes developing brownfield sites and increasing the supply of affordable housing, which could alleviate pressure on the PRS.
As Labour’s housing policies begin to take shape, landlords using letting agents in Essex and throughout the UK must stay informed and adapt to these changes. If you have questions about how these new policies might impact you, don’t hesitate to reach out.
If you would like to speak to us, please contact us through our website or contact Alders and Kane Estates directly at lettings@aldersandkane.co.uk.