This short independent review was undertaken by the authors at the request of the Residential Landlords Association (RLA). The context of this report is the more than doubling of the…
It has been a year since we launched RLA PEARL, the RLA's research lab. Scrutiny of the private rented sector is at an all-time high. For #PEARLweek we've been reviewing the past research, and now we look at how we could improve the private rented sector in the future to ensure that it works for both landlords and tenants.
It has been a year since we launched RLA PEARL and we have achieved a lot, especially at a time when the political focus on the private rented sector is intensifying. Read further to find out our most interesting research findings of the past year.
Our findings are showing that landlord sentiment to the sector and investments is deteriorating. We estimate on top of the 46,000 privately rented homes that have already been lost (MHCLG, 2018), there will be a further net loss of 133,000 homes to rent. We need to move to a broader but fair reform of private renting; with improved access to justice for landlords and tenants, expanded options for security of tenure, and reformed taxation policy that supports not penalise private landlords.
The past two decades have seen the rapid development and growth of the private rented sector in the UK. Between 2001/02 and 2011/12 the sector has doubled in size and now accounts for 20% of households in England (MCHLG, 2018). The Government are implementing major changes to the taxation of the private rented sector, including changes to mortgage interest relief. This report builds upon previous research into the experiences of landlords and their attitudes toward the future.