A prominent group of economists has predicted the measures in the Renters Reform Bill will backfire on the government.
Matthew Lesh, Director of Public Policy and Communications at the Institute of Economic Affairs, says: “Making it harder to evict residents is only likely to make it harder to rent.
“Landlords will inevitably be more selective about who they offer properties to and charge higher rents when they cannot quickly evict bad tenants. That is likely to disproportionately hurt those who are poorer, younger, and from minority communities.
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I've just given the Bill a quick scan on the Gov website and it confirms the Conservative Government's intention that all PRS stock will have to meet the Decent Homes Standards. This confirms the 'direction of travel' of EPC Grade C as a minimum for all PRS houses and flats. This spells the end of expensive to heat/fuel poverty EPC Grade D and Grade E housing units. When I checked with my local MP she confirmed that The Minimum Energy Efficiency Standard Bill is now almost confirmed as Law, with all domestic rental stock required to to EPC Grade C by December 2028, latest. So we've got 5 1/2 years to insulate the walls, loft or roof and install a cost effective heating system into our units. This is clearly best done when the unit is vacant and in-between tenancies.
The American Petroleum Institute's Stanford research paper from 1968, confirming that burning fossil fuels causes climate change, would suggest that investing in a new gas combi boiler is not a wise move. Dimplex Quantum electric night storage heaters or Sinclair electric air-con splits (that provide winter heating via simple internal cassettes) seem like the obvious way forward for us. I've commissioned up-to-date draft EPCs from my energy assessor and asked him prepare draft predicted EPCs to find the least expensive pathway to make my rental units both EPC Grade C AND All Electric. It's a cost but so far all pretty straightforward
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