Landlords ‘positive’ despite Renters Reform Bill, poll finds

Renters Reform Bill represented by a street containing many 'to let' signs

The Renters Reform Bill is soon set to reach its third reading in the House of Commons (image: Chris Ratcliffe/Bloomberg via Getty Images)

(Image credit: Getty Images)

More than half of landlords remain committed to the lettings market despite the progress of the Renters (Reform) Bill, a new survey has suggested.

Figures compiled by major property services firm Leaders Romans Group (LRG) suggested 55% of investors in the buy-to-let market had no intention of changing their approach in light of the proposed set of new regulations. A further 62% stated they planned to either maintain or even increase their property portfolio over the next 12 months.

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The Sun has reported existing tenants will have to wait until the completion of a government review into the ‘readiness of the courts’ to handle eviction disputes.

LRG: Landlords committed to lettings sector for ‘long-term’

LRG, which owns brands including Acorn, Langford Russell and Scott Fraser, polled 630 landlords from across the UK in March 2024. It found that most of them viewed their investment in the rental market as being long-term.

Fewer than a fifth of those surveyed said they would be looking to reduce their property portfolio over the next 12 months, with a similar number saying they would be seeking to leave the market altogether. However, it means more than 80% of landlords are planning to continue letting out homes.

The poll also asked landlords about which elements of the Renters (Reform) Bill they felt most negative about. Surprisingly, a higher number (56%) said greater rights for tenants to keep pets were more troubling than the likely abolition of Section 21 (54%).

Meanwhile, most landlords were also positive about some of the measures the Bill is seeking to implement. For example, 52% welcomed the introduction of an ombudsman for the sector.

Commenting on the findings, Allison Thompson, the national lettings managing director at LRG, said: “Although there are some substantial changes in the private rented sector, both political and financial, the so-called ‘landlord exodus’ is being overstated – as this research demonstrates.

“Yes, there are some significant issues with the Renters (Reform) Bill but LRG and others have been actively involved in shaping this legislation so that it is fairer on landlords who, after all, are the mainstay of the property industry and depended upon by government to provide homes to some of those most in need.

“As local authority housing waiting lists continue to increase, I hope that the government will reflect on landlords’ vital role and take their views into account as the legislation passes through parliament.”

The Renters (Reform) Bill is currently at the report stage of the legislative process. Once that stage has been completed, it will be given a third reading by MPs before being put in front of the House of Lords.