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PDPLA Monthly Newsletter - Chairman's introduction

PDPLA Newsletter - October Issue

‍Portsmouth and District
Private Landlords Association

October Newsletter

 
Dear Administrator-N



Local landlords are very worried by the proposed changes in the Renters Rights Bill, but as a city the more important articles this month are our comments on the Local Plan (80% of our 2050 housing stock already exists, what are we going to do about it?) and the way HHSRS is interpreted and used. Feel free to comment or disagree.


Thanks & Regards,


Martin Silman


PDPLA Chair



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The big news this month is the Renters Rights Bill proposed for next year.  Like the Rental Reform Bill before it, there is a long path from here to the statute books and changes are likely - but we have several articles this month outlining what it may mean for you and our main speaker at our next meeting, Tim Thomas of Propertymark, will also be talking about it. We have also created a 'hot topic' on the bill - your go to resource for all the latest news, analysis and explanations on the subject.  See it here.



‍IN THIS NEWSLETTER


UPCOMING EVENTS

Monthly Meeting - HMO Valuations & Renters Rights bill update

Mon 14 Oct '24 : 19:30

Venue:

Join us at our monthly meeting. This month we have Richard Nicholls talking about HMO valuations and Tim Thomas of Propertymark with a  Renters Rights bill update

Tim is a key member of the Propertymark Policy team and speaks with ministers and civil servants in the run up to the inplemation of the most important piece of private rental legislation in more than 30 years.

(See our Renters Rights bill 'Hot Topic' on the website for latest news)


Landlords Breakfast - Southsea

Wed 16 Oct '24 : 09:00

Join us at our monthly Landlords Breakfast.


NEWS ITEMS

Venture Tower To Become Student Hall

A planning application (24/01089) has been submitted to convert Venture Tower to a 97 room student hall.   We see this as a speculative application as Savills seek a buyer for the derelict property.


Read more

PDPLA Landlord Insurance

There have been a couple of questions from members this month about our relationship with Alan Boswell Insurance Brokers – how much is the discount, why should we use, etc.The short answer is because the PDPLA depends on you doing so and, if you don't, we will need to charge membership fees but for the full detail, read on…  


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UK Renters’ Rights Bill: The Day The World Changed

Labour promised change - and the proposed Renters Rights bill will certainly change the private rental sector.

In 1989, the 'Buy to Let' market was created with the introduction of the AST (Assured Shorthold Tenancy) which gave mortgage companies the confidence to lend as possession could be easily regained and properties valued and sold empty. This was driven by the need to create a private rental sector to balance the falling investment in social housing alongside loss of stock.

The 2025 Renters, Rights Bill will have a similar and equally drastic impact as it seeks to swing the balance back toward the pre-1989 era where a rented property was a tenant's home for as long as the tenant wanted it to be. As a landlord, you will have to adapt or, if you choose not to – you need to sell before the Bill becomes law next summer.

Sarah Goodwin, property professional and PDPLA committee member has been through the small print of the bill and explains what it all means… 


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The Impact of the Renters’ Rights Bill on the Student Rental Market: Challenges and Potential Solutions

Given that the University of Portsmouth is almost wholly reliant on the local private rental sector for student accommodation in years 2 and beyond and knowing that Scots Universities were turning people away last year due to lack of accommodation after rental regulation changes, the introduction of the Renters' Rights Bill in the UK has sparked concerns, particularly for student landlords. This is highlighted in the discussion between 2 landlords and 2 letting agents summarised here. Their dialogue reflects the uncertainty and potential disruption that the bill might bring to the student housing market, especially concerning the removal of Section 21, Ground 4A provisions, and issues around fixed-term tenancies. This article examines several of these issues and proposes potential solutions to address them, focusing on how the bill might affect landlords and students in the private rented sector (PRS).


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5 Legal Implications from the Renters’ Rights Bill

 Labour plans to better protect tenants with its new Renters' Rights Bill, which includes key provisions like abolishing Section 21 evictions and extending the Decent Homes Standard to the PRS. A summary from Jeni at MFB..


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Is HHSRS Fit For Purpose?

We do love an abbreviation in the property world don't we, the most common ones I see on Socials are BRR, ROI, BMV and so on. Cool if you know what they mean, right? But what is the HHSRS? It's something I very rarely see mentioned on socials yet if you own or manage a licensable House in Multiple Occupation (that's an HMO of course), it is highly likely that the HMO has been subject to an HHSRS inspection at some point (or will be), and it's really important that anyone letting ANY type of property in the UK and Wales is aware of the 'system' and its purpose.

 

Read more




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