Every day we read the property industry press ‘scare stories’ to save you the time and filter it so you don’t have to
Here is a ‘favourite’ of ours this week:
“Landlords evict tenants for no reason”
Not the case it seems!
Recent analysis made by the National Residential Landlords Association showed that cases brought to the County Court have dropped by 55% compared with the same time in 2019. You may think this was all down to the halt on court hearings from March 2020 due to the pandemic – again not the case.
The analysis shows that between 2015 and 2019 the number of repossessions following a Section 21 fell by 50%. This matches the data that the government produced showing that 1 in 10 tenancies ended because the landlord asked the tenant to leave.
This matches our experience whereby most tenancies are ended due to the tenant giving notice
Why is this important?
Shelter and Generation Rent, to name two lobby groups, would have you believe that landlords evict tenant’s willy-nilly for no reason at all. In light of discussions around the Renter’s Reform Bill which include revision of the Section 21. One might wonder what needs to be reformed.
There are always going to be Landlords who sail close to the wind the recent case in Dagenham where a couple were fined £13,000 for unlawful eviction (changing locks / cutting off gas and electric / no EICR to name but a few) and ever will it be thus. The vast majority of landlords we deal with are conscientious people providing much needed housing.
Why 69 is a really important number
It is the minimum energy rating score that your rental properties will need to achieve by 2025- which means that it will need to reach a C rating.
But don’t despair! The ONS has shown that Landlords in England are ahead of the game with energy efficiency in their portfolios. It is reported that the overall energy rating efficiency for rental properties in England is 66.
Some interesting facts
Houses built after 2012 score an average of 83 or band B, whilst those built before 1900 get an average score of 54 – an E. You won’t be surprised to know that flats score higher than houses.
So what do you need to do now ?
We are starting the process of reviewing those properties that are presently an E or D to see what will be needed to improve the rating – remember there is a cap of £10,000 and by next April there will be grants available. If you are concerned about what this might mean to you personally just give me a call on 01480 494939.