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Www.landlords.org.uk Integrated Approach to working with the Private Rented Sector Marion Money & Gavin Dick National Landlords Association.

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Presentation on theme: "Www.landlords.org.uk Integrated Approach to working with the Private Rented Sector Marion Money & Gavin Dick National Landlords Association."— Presentation transcript:

1 Integrated Approach to working with the Private Rented Sector Marion Money & Gavin Dick National Landlords Association

2 Overview Legislative Impacts on a Landlords Business From many varied sources Real impact on business plan for investment potential Engaging with The Best Standards Enforcing Against The Rest Regulation Opportunities for Private Landlords The increasing importance of the PRS  A nation of renters Positive Investment opportunities

3 Legislative Impacts UK Government Departments  Ministry of Justice  HM Treasury  Department for Energy and Climate Change (DECC)  Department for Work and Pensions (DWP)  Department for Communities and Local Government (DCLG) HA 2004

4 Shelter Sensational Headlines “Complaints about Private Landlords rocketing” “Devastating Impact these landlords have on peoples health and well being” Shelter Freedom of Information requests to all 326 LA’s  2011/12 : 85,000 complaints out of c 1.25 million Landlords  But only 487 successful prosecutions  (4 in KENT, 1 in Thanet June 2011)

5 Localism Agenda Localism agenda  Decisions should be taken at the most local level  Members Involvement  Discretionary Licensing Formerly schemes had to be approved by CLG  Planners and Housing Conflict Article 4 Directions/Need for Single rooms Space/Amenity Standards Prosecution HMO LL £1.4 Million

6 Discharge into PRS Discharge of local authority homeless duty into private rented sector  PRS View A positive step PRS is not a short term stop gap Recognition that PRS part of the Housing Solution rather than part of the problem Concerns on disparity of criteria amongst LAs Standards should not be greater than those imposed on RSP’s Gatekeeping

7 Discharge into PRS Discharge of local authority homeless duty into private rented sector  LA View Suitability of Accommodation Suitability of Landlord Matching tenants with households Open to Challenge 12 month tenancy

8 Partnership Working  Build on, not alienate, existing Relationships  Improve on ‘less established ones’  Landlords and Local Authorities working together to sustain tenancies  Long term tenancies offer positive Return On Investment for landlords  Recognition of Impact on NHS costs and Children’s Education

9 Partnership Working  Engaging with The Best  Private Sector Leasing Schemes  Guaranteed Rent for the duration  Well managed, in-house maintenance, insurance agreed at outset  No risk, as long as contract clear at outset  Restrictive if ‘encumbered’  Social Lettings Agency As above but risk of voids balanced by higher rents? Potential for Local SLAs to work together to procure adjacent properties Consider potential to ‘share’ across LA’s properties adapted for the disabled  Open Market Lettings Robust Support Accreditation : Landlords and Tenants Landlord Liaison Officers

10 Partnership Working Enforcing Against The Worst  Rogue (Criminal) landlords ‘Ignorant’ (Accreditation) ‘Criminal’ (Enforcement) –HHSRS Process ;HSE; Rent Repayment Orders: Proceeds of Crime, Environmental Protection Act 1990  Discretionary Licensing A Tax on the Good landlords Fees are strictly for the cost in officer time + admin to administer an individual licence. Restricts investment in areas subject to Licensing Lenders perceive increased risk Insurers perceive increased risk

11 Opportunities For Private Landlords A Nation of Renters  ‘Tenure Of Choice’ 2010/11 PRS 3.6 Million : Social 3.8 Million the PRS in now larger and growing  Letting demand outstripped new supply for 11 successive quarters (RICS)  By 2030 Predicted 40% households will be renting  By 2016 ‘Rent Roll’ increase from £48 billion to £70 billion  2013 Budget – Build to rent has been expanded from £200m to £1B  Generation Rent Flexibility Under 40’s unable to fund purchase Pensioners ‘SKI’ club now to fund long term care and maintain life style 50% Pensioners receive HB  English Housing Survey 2012: >>>>>

12 English Housing Survey Households Report July 2012 Length of Tenure  < 1 year PRS 35%: Social 8.4%  2 – 3 years PRS 13.1.% : Social 8.2%  3 -4 years PRS 14.00% : Social 12.5% Reasons for Moving  Family or personal reasons : 26% PRS : Social 27%  Unsuitable or Issues with their Landlord : 12% PRS : 16% Social  Job Related 15% PRS : Owner Occupiers 7%  Asked to leave by their landlord 9% of which 40% were for rent arrears  Tenants Satisfaction Index  PRS /Social 72% : LAs 66%

13 The Private Landlord has a Choice Kent moved closer to London Impact of London Economic pull HS1 impact on surrounding area Professional tenants increasing Market Rents rising Housing Benefit decreasing in real terms Universal Credit Impact Time constraints involved with LA schemes Migration HB Tenants from London Authorities With ‘Goodie packages’

14 Questions National Landlords Association 22 – 26 Albert Embankment London SE1 7TJ Tel: Web:


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