Labour's plans for the rental market

As the new government takes shape, what do their new housing policies mean for landlords and the rental market?

We’ve outlined Labour’s key policies to keep you up to date.

Abolish Section 21 Evictions Labour intends to ban Section 21 (no-fault) evictions immediately, which means landlords will no longer be able to evict tenants without a valid reason.

Tenant Protections The party plans to empower tenants to challenge unfair rent increases and ban rental bidding wars.

Rent Caps Introduce caps on the amount of rent that can be paid upfront.

Awaab’s Law Originally applicable to social housing, Awaab’s Law will now cover private rentals which require landlords to fix hazards like mould. Landlords will need to address health hazards within a specified timeframe.

Energy Efficiency Standards Labour plans to introduce new energy efficiency standards by 2030, requiring properties to have an EPC rating of C or above.

Gas Boilers The mandate to replace gas boilers by 2030 will be removed.

Building 1.5 million new homes Labour has made a manifesto commitment to “get Britain building again”. They will restore housing targets, support local planning authorities, and involve communities in shaping housing projects, prioritising brownfield development and protecting the greenbelt.

Stable Tax Rates Labour has promised not to raise the basic, higher, or additional income tax rates. Corporation tax will remain capped at 25%, with no changes to VAT or National Insurance.

National Landlords Register A public register of landlords' properties and rents will be established, mandating adherence to Private Rented Sector (PRS) Decent Homes standards.

Introducing a new ombudsman service To provide fair, impartial and binding resolution between landlords and tenants and reduce the need to go to court.

Making it illegal for landlords to discriminate against tenants in receipt of benefits or those with children.

Strengthening local councils’ enforcement powers Making it easier for councils to identify and fine landlords who don’t comply with the law.

These proposals mark a time of major change for the rental market. For landlords, staying informed and prepared for these policies is vital.

Article taken from Spare Rooms Online