RRA has harmed business for half of landlords
Summary
Landbay’s Q3 survey suggests the Renters’ Rights Act is already influencing landlord behaviour, with a majority reporting a negative business impact and many adjusting rents, tenant criteria, or portfolio plans. The article also highlights uncertainty around the forthcoming regional rollout of landlord registration requirements, with many landlords expecting higher costs and more administration.
Why it matters
Changes affecting landlord behaviour can influence rental supply, tenant demand, and the workload of agents and surveyors involved in buy-to-let transactions and portfolio advice. The registration rollout and wider regulatory shift may also affect due diligence, compliance checks, and investment appraisals.
Key points
- 53% of surveyed landlords said the Renters’ Rights Act has negatively affected their business.
- 33% have decided to sell or are considering selling, and 29% have reduced expansion plans.
- 36% have increased rents, while 34% have changed tenant referencing or affordability requirements.
- Confusion remains around the new landlord registration requirements, due to begin regional rollout in December.
- 65% expect registration to increase costs and 44% expect more time spent managing properties.
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