The Bank of England has resisted the temptation to cut interest rates, which remain at 5%.
Average UK private rents increased by 8.4% in the 12 months to August, down from 8.6% in the 12 months to July.
Landlords have been warned that cutting maintenance budgets could jeopardise their ability to rent out properties and puts renters at risk.
Propertymark has warned that abolishing Section 21 without an adequate replacement mechanism will add 'another nail in the coffin' of the PRS.
Two of the UK’s biggest trade organisation representing the private rental sector have revealed their concerns over the big political parties’ electoral promises to crack down against landlords.
Letting agents are concerned that increasing numbers of landlords are exiting the market.
A Labour-commissioned review of the private rented sector has called for a new renters’ charter to strengthen tenants’ rights and a mandatory National Landlords Register to help enforce compliance.
Propertymark has urged London’s Mayor to crack down on short-term lets through licensing in a bid to tackle over-supply in the capital.
Only one in five (18%) landlords understand the Renters (Reform) Bill, while just 3% have read guidance surrounding the legislation, according to a new Propertymark poll.
