Landlords have named Right to Rent as the top cause of stress and worry, especially those in areas of the UK with a high number of immigrants such as London, the South East, the West Midlands, the East of England and the North West, according to a new study. The report by PropertyLetByUs.com found a third of landlords said right to rent was the number one cause of stress, ahead of dealing with the Inland Revenue, raising finance, void periods and handling tenant complaints.
Research by the RLA found that in February when the scheme was introduced, a whopping 90% of landlords had not received any information from the Government on their legal duties under the new rules. The Managing Director of PropertyLetByUs, James Morris, comments “Landlords are under huge pressure with constant new legislation, new mortgage lending rules and increased taxation. Right to Rent is making matters worse. While the Government argues this will help crack down on illegal immigrants, it is placing far too much responsibility on the shoulders of landlords.
Anyone would think the Government dislikes landlords, with what appears to be a relentless attack on the buy-to-let market. The undisputed fact is that landlords provide essential private and social housing for a growing band of tenants, who simply can’t afford to buy.”