Renters Rights Act worsening affordability crisis – claim
Summary
The article argues that Renters Rights Act measures restricting rent paid in advance may make it harder for some prospective tenants to pass affordability checks, particularly self-employed workers, zero-hours workers and those with irregular income. It also notes that landlords still need affordability evidence for insurance purposes and suggests alternative ways tenants can reassure landlords, including guarantors and proof of capital.
Why it matters
Surveyors involved in lettings, valuation or landlord advisory work should be aware of how affordability assessment practices may change under the Renters Rights Act. The issue affects tenant selection, rent guarantee insurance requirements and the practical management of rental risk.
Key points
- The article says rent in advance is now restricted before tenancy start.
- Affordability checks may be harder for some tenants with irregular income.
- Landlords may rely more on guarantors, capital evidence and post-signing lump sums.
- Affordability checks remain important for rent guarantee insurance.
- The Renters Rights Act is presented as reducing discrimination against benefit recipients.
This is an RPSA summary of a publicly available article. The full content remains with the original publisher.
