X

Sign Up

or

By signing up I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Sign Up

Sign Up With Facebook, Twitter, or Google

or


By signing up, I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Log In

or


Don't have an account? Sign Up

Forgot Password

To reset your password just enter the email address you registered with and we'll send you a link to access a new password.


Already a PT member? Log In

Don't have an account? Sign Up

  • In the Spotlight

    Insider insights on "game-changer" PRS report



    Released yesterday, The Evolving Private Rented Sector: its Contribution and Potentialfunded by the Nationwide Foundation, is a detailed, independent analysis of who lives in private rented housing, how their needs are being met and the impact of policy interventions over the last ten years.

    It comes a decade after Dr Julie Rugg and David Rhodes published their original review of the private rented sector – the first to look in detail at how it functioned.

    The main findings in the review include:

    • Current regulation of the sector is ‘confused and contradictory’ and ‘failing at multiple levels’. Opportunities for linkage and simplification are being missed, with tenants and landlords unsure of their rights and responsibilities.
    • Poor conditions are a problem at both ends of the market – one in five homes let at the top 20% of rents are non-decent, and one in three let at the bottom 20%. Conditions get worse the longer tenants are in their property, indicating that poor property management rather than old housing stock is the root cause.
    • Changes to welfare reform are creating a ‘slum tenure’ at the bottom end of the market as more tenants are unable to afford to meet their current rent levels or find accommodation without the help of statutory or third sector agencies.
    • Policy interventions – such as Build to Rent – are increasingly focused on helping higher and middle-income renters priced out of ownership, with little or no help for those on low incomes.

    The review concludes that no government has been clear on the function of renting within the housing market and as a result, interventions have been piecemeal and poorly targeted.

    Property Tribes caught up with PRS commentator and analyst Kate Faulkner, who attended a Government-led meeting earlier this week to discuss the finding of the report.  Kate shares some insider insights from that important meeting:


    Please let us know your thoughts on coining a new name for the private rented sector!

    SEE ALSO  -        RLA 20th anniversary Parliamentary event

    UP NEXT -            BTL property purchases in sharp decline

    DON'T MISS -       9 reasons why Section 24 will be reversed

    NOW WATCH:

    1
    0

    Haven't we talked about this?

    Edit: Sorry this is a post about Kate Faulkner video. The top bit is context!

    0
    0

    _________________________________________________________________________


    The above post is not financial advice, its often me rambling - passing time on a coffee break.
    If you are looking for the Best BTL Mortgage? Call the Specialist Team at Bespoke Finance.


    _________________________________________________________________________

    Correct Adam!  Kate Faulkner is sharing her insights into the report from yesterday, so we needed an introduction to explain what we were discussing. Smile

    1
    0