Analysing the NLA’s findings into Section 21 changes

Posted by Marina Cheal

 
 
As the Section 21 debate rages on, the NLA has released its analysis of the effects the abolition of the legislation may have on private renting. In a market that continues to reduce returns for landlords, the proposed reforms to Section 21 make things even harder - not only punishing good landlords, but also providing less choice for renters.

The NLA’s report is a new development in the ongoing conversation - so we’ve analysed the key findings to make sure you’re well-informed of the possibilities of the government’s move.

 

The background on Section 21

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Residently’s next steps

Posted by Tom Allason

In 2015 I became a renter for the first time in a decade - initially as my house was being refurbished, then as I relocated around the world as an exec at eBay. I rented five homes in four years in three countries. At the start I thought it was going to be fun to live in different kinds of properties and to leave the worries of ownership behind.

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Residently raises £7m in funding

Posted by Residently

Today we’re announcing that we have secured £7m in seed investment to help Residently fund its growth in London and New York.

The investment comes from leading European VCs including Felix Capital, LocalGlobe and A/O PropTech, as well as existing angel investors. The funding will be used to grow our engineering and product teams, support building the rental portfolio in London and New York, and add extra services to our Living platform.

Our founder and CEO Tom Allason wanted to design a rental experience around tenants, having had unsatisfactory experiences renting homes in several countries around the world. In doing so, he realised that landlords could also benefit from a better way of doing things.

“We are building the global rental brand by using tech to offer flexibility and smart services to renters. We put them first because by improving the experience for renters, we positively disrupt the economic model for property investors and owners - enabling them to maximise their yield with minimum hassle,” he said.

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Meet a landlord: Simon & Hannah, the internationals

Posted by Marina Cheal

Simon and Hannah are international landlords who moved to Hong Kong two years ago to follow their professions. Living so far away made it difficult to manage their property, renew leases, negotiate with tenants, sort out maintenance issues and deal with agency fees.

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The Residently Guide to a Post-Brexit Housing Market

Posted by Marina Cheal

In some ways, the time couldn’t be better to be a landlord.

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Is Renting the New Buying?

Posted by Marina Cheal

For generations, home ownership was an integral part of the ‘dream’. Get married, have a family, buy a house – that’s the way it’s supposed to work. But for the newest cohort of would-be homebuyers, the dream remains just that.

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Housing as a Service (HaaS): The Birth of a Revolution

Posted by Marina Cheal

We’ve spoken before about the new generation of renters - those with high expectations, low tolerance for bad service and a clear idea of what they want out of life.

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Hidden Costs of Renting: Everything You Need to Know

Posted by Marina Cheal

Although people have varying degrees of control over their general finances, one thing we tend to be pretty sure about is our rental budget. When we’re flat-hunting, we search by monthly price, and we know exactly how much we can afford to put down as a deposit.

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Renting Revolution: Who’s Going to Shake Up the Renting Industry?

Posted by Marina Cheal

A ‘perfect storm’ of changing cultural attitudes, government intervention and broadening tech possibilities has resulted in the upheaval of quite a few industries – notably banking, transport and holiday travel – and it’s obvious to see it’s coming to renting, too.

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Section 21 changes - what does this mean for landlords and tenants?

Posted by Marina Cheal

In April the government announced plans to change how the eviction process works, namely that Section 21 is to be abolished. Whilst government ministers have called this the biggest change to the private rental sector in a generation, some landlord organisations have expressed concerns about what this means for them. Whatever side of the fence you’re on, these are the facts you need to know. 

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WANT SOMETHING GREAT?

The Residently Guide to a Post-Brexit Housing Market.

In this in-depth PDF guide, we answer YOUR key questions about how Brexit will affect you as a landlord

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