Landlords are being urged to seek guidance to ensure that they are clear on the ‘bombardment’ of regulatory changes that could affect their buy-to-let investments.
With a range of new rules ranging from The Homes (Fitness for Human Habitation) Bill to The Tenant Fees Bill, landlords need to be up to speed with the changes in the PRS, which is becoming more regulated, especially in light of the fact that a new housing complaints service is set to be introduced.
Communities Secretary James Brokenshire announced plans last month for a new Housing Complaints Resolution Service, which will legally require private landlords to become members of a redress scheme, as part of wider efforts to better protect private renters.
Paul Sloan, operations director for haart, commented: “For many landlords, it is difficult to keep up-to-date with new regulations that seem to bombard the Private Rented Sector every year.