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  • Debt & Negative Equity

    New Tory ombudsman plans for landlords

    At their annual conference in Manchester, the Conservative Party has announced a slew of new measures to further regulate the private rented sector.

    Speaking at the Conservative Party conference in Manchester on Sunday, Mr Javid said the scheme would give more rights to tenants in the private rented sector. He also announced a consultation on creating a new housing court and said the government would be unveiling new incentives in the Autumn Budget for landlords to offer tenancies of at least 12 months.

    He also said the government would introduce new legislation to ensure all letting agents are registered, so they could not operate without qualifications and professional oversight.

    In his conference speech, Mr Javid said; “For too long, tenants have felt unable to resolve the issues they’ve faced, be it insecure tenure, unfair letting agents’ fees or poor treatment by their landlord with little to no means of redress. We’re going to change that.

    “We will insist that all landlords are part of a redress scheme and we will regulate letting agents who want to operate.

    “Everyone has a right to feel safe and secure in their own homes and we will make sure they do.”

    Following the introduction of Section 24, which phases out mortgage interest tax relief, hikes to Stamp Duty and new regulations such as the cap on tenants’ deposits, many landlords already feel the government has been scapegoating landlords and the private rented sector, and these new plans are unlikely to improve their confidence in the market.

    If you’re a landlord struggling to cope with outstanding property debt due or your finances have been affected by recent reforms, contact Landlord Debt Advisory on 0161 222 4311 or fill out a contact form to arrange an initial free consultation.


    First they came for the Letting Agents, and I did not speak out—

    Because I was not a Letting Agent.

    Then they came for me—and there was no one left to speak for me.

    I said at the time with Landlords celebrating that Letting Agents were to be required to be memebrs of ombudsman, that if they regulate Letting Agents they will Landlords.
    Its the creep of regulation.

    The MPs looking at regulations after that point - would ask. Why do tenants who have Letting Agents in place have more rights to recourse than tenants that dont?

    Guess what? After required membership of ombudsman. The question then gets asked why is there not a Landlord Register, then why is entry to being a Landlord so easy an no training required?...Then CPD, Then Insurance, etc..

    The creep of regulation is setting in.. Dont expect the associations to try and stop it - as they profit from tougher regulation, required training, cpd, selling insurance, etc..



    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.


    I see nothing wrong with LL  being required to have CPD and be registered

    Of course to be registered  you would have to prove  that as a supposed LL  you had CTL if the property was mortgaged. .......essentially  LL  would be required to prove they had the Right to Let.

    So that would make about 4 million tenants homeless .

    This amount because all registered LL  would be required to comply with lender conditions  like no DSS tenants.

    I say bring it on I'd love a proper LL  registration scheme which weeded out the the hundreds of thousands  of LL  gaming the system and illegally letting property out.

    Any person using a mortgage and breaching lender conditions  is committing fraud

    Of course it would be tough luck if a tenant goes on HB after they take on a tenancy with a proper job.

    But lender conditions  say the LL  has to evict and get tenants not on HB

    So that would cause an every bigger backlog in County court evictions.

     To be a fit and proper LL  you must have to prove you have the right to let a property out either by owning the property outright  or with CTL from the lender.

    You should have to prove you have the correct insurance  for the relevant mortgage product if a lender is involved

    All LL should have compulsory PL insurance

    I see nothing wrong with any of these suggested requirements apart from the minor detail of making about 4 million tenants homeless; bankrupting LL  including the illegal ones

    So yes bring it on let us have a very robust LL  registration  system! !!!

    Forgot to mention it would also cause a housing crash and a run on the banks; causing another recession so yep let's have that LL  registration ASAP!!!!!

    All this meaning the Tories will be out.