• Election special: What the manifestos say about rental reform

  • Jun 18 2024
  • Duración: 27 m
  • Podcast

Election special: What the manifestos say about rental reform Por arte de portada

Election special: What the manifestos say about rental reform

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  • What might a new government have in store for landlords in England? In this week's episode of Good Landlording, Richard Jackson and Suzanne Smith discuss what the 2024 election manifestos actually say about landlords, rental reform and energy efficiency. As with everything on this podcast, our analysis is practical, measured and objective, to help landlords understand what a new government may bring. In this episode, we look at each of the key policies that matter to landlords, which includes the proposed reforms of each of the main parties for the private rented sector and the rules on energy efficiency for rental properties. Next week we discuss what the election manifestos say about leasehold reform, an issue for landlords who own the 38% of properties in the private rented sector that are leasehold: Election special: Manifesto pledges on leasehold reform. What we cover in this episodeContext of the general election for landlordsWould anyone reverse Section 24 (mortgage tax relief restriction)?Is there a consensus on abolishing Section 21?Labour's 2024 manifesto commitments for renter reformsConservatives' policies about landlords in 2024 election manifestoThe policies of the Liberal Democrats for rental reform in the 2024 electionReform UK's housing policies >> Submit a question: Click here for question form Context of the general election for landlords With the controversy generated by the Renters Reform Bill, dropped shortly before the election, it had seemed likely that rental reform would be front and centre in the election campaign. Particularly because the so-called “Rent Wall” (as opposed to a “Red Wall”) of 38 constituencies in “the Conservative heartlands” where there's a high density of private renters was expected to be key. However, rental reform has been in the outer reaches of all of the election manifestos and, surprisingly, has barely been discussed to date in the big election set pieces. Rental reform is in the manifestos, but it's not something that any of the political parties have been focusing on. In this podcast episode, we focus on what the parties have said in their manifestos, and try to interpret what it might mean. It is the second of two episodes on the election to date, the first being GL #8: What the General Election means for landlords. >> Blog post: Analysis of the political parties’ policies for landlords Would anyone reverse Section 24 (mortgage tax relief restriction)? Unfortunately for unincorporated landlords, none of the major, established political parties mention restoring full mortgage tax relief for sole trader landlords, which George Osborne restricted in his post-2015 election budget. Reform UK, on the other hand, states in its manifesto that it would bring back full mortgage tax relief. Is there a consensus on abolishing Section 21? Yes. All of the parties, apart from Reform UK, would abolish Section 21 "no fault" evictions. Many were expecting the Conservatives to quietly drop this provision in the Renter's Reform Bill, as they got such a mauling from their backbench MPs when it was going through parliament over the last year. But the Conservative's 20204 election manifesto states very clearly that they would "deliver the court's reforms necessary to fully abolish section 21". Labour and the LibDems agree, but without this caveat. >> Blog post: What happens to the abolition of Section 21 now? Labour's 2024 manifesto commitments for renter reforms Rental reform very much takes back seat in Labour's 2024 election manifesto. It's not one of the key policies, and is buried on page 79 under the section "Break down the barriers to opportunity" and the subheading “Family security". The manifesto states: “Security also means having a secure roof over your head. That is not the case for too many renting their homes privately. Labour will legislate where the Conservatives have failed,
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