In this video, we provide a comprehensive overview of the Renters Reform Bill 2024 and its potential effects on landlords and property investors. We review the major changes announced, including the abolition of 'no-fault' evictions, new minimum standards for rental properties, and increased tenant rights. Learn what these reforms mean for landlords and how you can prepare for the upcoming changes.
7 POINTS INCLUDE:
1. Rise in Bank of England and UK mortgage interest rates
2. Selective licensing for UK landlords
3. Section 24 finance act
4. Section 21 no fault eviction notice to quit abolished
5. EPC rating increase to minimum C standard
6. Capital gains tax increase for landlords selling
7. Renters right bill explained
With landlords exiting the buy-to-let market in droves, the UK's rental crisis is set to worsen. We delve into the reasons behind this exodus, including higher capital gains tax proposals and the abolition of Section 21 evictions. Explore the implications for the rental market, where low supply and rising rents are already a pressing concern. Discover how these changes are affecting landlords' ability to gain possession of their properties and what it means for tenants.
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