All the facts and figures on the rental market in Bath & beyond from June 2023, including some really interesting information about the differing performances of houses and flat on the market.
Bath landlords came together for an evening of insightful discussions and valuable takeaways at the Bath Landlord Conference held on 26 July 2023, at The Francis Hotel. The event, attended by around 50 enthusiastic landlords, proved to be an engaging platform for industry experts to share their knowledge and expertise.
Toby Martin, the director of Reside Bath and West Country Regional Executive for ARLA Propertymark, hosted the evening and shed light on the intricacies of the local rental market, particularly focusing on the imbalance between property supply and tenant demand.
Michael Tatters, a Partner at Thrings Solicitors, captivated the audience with an in-depth exploration of the Renters Reform Bill and its impending impact on landlords. Attendees were given ample opportunity to raise questions and discuss their concerns, ensuring they were well-prepared for the legislative changes ahead.
Adding a dash of practicality to the conference, Ben Stokes and Michael Skeath from Elite Consultancy Group delivered an engaging presentation on landlord compliance. Their valuable tips and tricks provided landlords with actionable steps to fulfill their legal obligations, steering clear of fines and penalties. Their presentation sparked interactive discussions and left landlords equipped with tools to enhance their compliance efforts.
Attendees actively participated in spirited discussions and posed thoughtful questions to the expert panel, all of which were met with insightful responses.
“We’re thrilled to witness such enthusiasm and engagement from the local landlord community,” said Toby Martin, reflecting on the event. “Our aim is to provide a supportive space for landlords to learn, connect, and stay ahead in the ever-changing private rental landscape.”
Plans for the next Bath Landlord Conference later in the year are already underway. Stay tuned for updates on the next Bath Landlord Conference by visiting www.bathlandlordforum.co.uk.
All the facts and figures on the rental market in Bath & beyond from May 2023, including a close look at how long it takes to let a property and what that tells us about the current market.
The long-awaited Renters Reform Bill, which contains the government’s proposed changes to the Private Rented Sector, had its first reading in parliament last week.
Despite some of the headlines you may have read, none of these proposals are currently law and as such have no immediate impact on new or existing tenancies.
Here is a short summary of the Bill, and we’ll be sure to keep you informed of any further developments.
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Yesterday, the government reversed its decision to release the much-anticipated Renters Reform Bill this week, according to The Mirror newspaper.
The delay in introducing the Bill to Parliament is attributed to “procedural issues”.
The Conservative administration initially promised the Bill in 2019, and Housing Secretary Michael Gove recently stated that it would finally be published this week, shortly after the Coronation.
However, The Mirror reported yesterday that the government has postponed the long-awaited overhaul due to “procedural issues,” despite pledging to publish the Renters Reform Bill this week, more than four years after the Conservatives initially vowed to eliminate no-fault evictions.
Speculation over the Bank Holiday weekend suggested that Tory backbenchers were dissatisfied with the proposed legislation, which they perceived as favouring tenants and being unfavourable to landlords.
A spokesperson from the Department for Levelling Up, Housing & Communities emphasised their unwavering dedication to providing renters with a fairer deal.
They assure that legislation, which will include a ban on “no-fault” evictions, will be introduced very soon.
This aims to enhance tenants’ security in their homes and empower them to challenge substandard conditions.
Additionally, they plan to establish a Decent Homes Standard for the Private Rented Sector for the first time, ensuring that privately rented properties are safe and habitable.
Of course, when the government decide what it is doing, we will let know.
In the meantime, as always, should you have any questions about the Bath buy-to-let property market, don’t hesitate to contact me.
Reside’s local experts Chris & Lisa visit one of the city’s most recognisable Georgian terraces.
The Bath Landlord Forum hosted a successful event at The Francis Hotel, Bath on 15 March 2023, which focused on energy efficiency considerations in rental properties. The event was hosted by Reside’s Toby Martin and featured guest speakers who provided valuable insights on this important topic.
The event was attended by a large number of local landlords, property managers, and industry experts, who were keen to learn more about the latest developments in energy efficiency and how they could apply them in their own rental properties.
Toby Martin started off the event by giving a lettings legislation update. He summarised a range of recent and upcoming regulations, including the importance of complying with regulations related to energy efficiency.
Olly Meyer, a domestic energy assessor from Meyer Energy, was the next speaker. He spoke about how Energy Performance Certificates (EPCs) are recorded and what constitutes a good or bad EPC. Olly explained that EPCs are a legal requirement for landlords and that they need to be renewed every ten years. He also highlighted some of the factors that can impact the rating of an EPC, such as the age of the property, the type of insulation, and the heating system.
Sonia Pruzinsky from the Centre for Sustainable Energy was the final speaker. She explained the funding options that are available for landlords looking to improve the energy efficiency of their properties. Sonia discussed the different schemes that landlords can take advantage of, such as the Energy Company Obligation (ECO) and Home Upgrade Scheme. She also highlighted the importance of taking a holistic approach to energy efficiency and encouraged landlords to think about ways to reduce energy usage beyond just making physical upgrades to their properties.
The event was highly informative and provided valuable insights into the latest developments in energy efficiency for rental properties. Attendees also had the opportunity to network with other landlords and share best practices.
“We were delighted with the turnout for this event and the engagement of our speakers and attendees,” commented Toby Martin. “Energy efficiency is an important issue for landlords, and we hope that this event has helped landlords to better understand how to deal with the government’s proposed regulations.”
The Bath Landlord Forum plans to host more events on important topics related to the rental property industry in the future. For more information about the Bath Landlord Forum and future events, please visit their website at www.bathlandlordforum.co.uk.
The latest Propertymark Housing Insight Report suggests that tenant demand is on the rise again, with supply of property unable to keep up.
