How Will Labour\'s Rental Reforms Impact West London Rental Properties?

Posted in Jul 30 , 2024

Ensuring guaranteed rent in West London has never been an easy task and with a new series of renting reforms on the way, it’s more important than ever for London landlords to keep on top of the latest developments. Fortunately, here at Sparemove, we’ve got you covered with everything you need to know about Labour’s planned changes to the rental market.

Banning No-Fault Evictions

Throughout the campaign, Labour promised to end no-fault evictions and it looks like this is a promise they fully intend to carry out. In practice, this will make it harder for landlords across the country to evict tenants unless they can provide clear and specific legal grounds.

Renters’ Rights Bill

The upcoming Renters’ Rights Bill is also intended to end ‘manufactured’ bidding wars, making it harder for landlords to capitalise on high-demand properties.

This same bill will give renters the right to request to keep a pet and extend Awaab’s law (which requires landlords to repair mouldy homes within 24 hours) to the private rental sector.

Building New Homes

Labour is also planning a series of changes to add more homes to the UK. In particular, they intend to reform the planning system to make it more difficult for developments to be blocked at a local level. They also intend to prioritise the use of ‘developed’ land. In practice, this means that we might soon be seeing a boost to house building across the country, even in built-up areas such as West London.

How To Keep Your Rental Property in Safe Hands

Of course, it’s too early to say how exactly these changes will influence the rental market but they are nonetheless very significant developments that are sure to change things.

The rental market is always changing and keeping up with new laws and local trends can be a nightmare. Fortunately, we offer a way for landlords to get guaranteed rent in West London without all the hassle.

Here at Sparemove, we take on the hard work so you don’t have to. Our knowledgeable and experienced team is always up to date with the latest developments so that we can get you the absolute best deal while minimising risk on your end. It is that simple.

Call us today at 02033756161 or email us at info@sparemove.com to learn more about how Sparemove could get you guaranteed rent in West London!

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Sparemove

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