News and reports

Letting agents in England should be aware of a new tiered fee framework for the Property Chamber of the First-tier Tribunal, introduced to support the new and amended rights created by the Renters’ Rights Act 2025. Fee reform may help create a more consistent tribunal framework, but it cannot be a substitute for the wider investment, reform and operational improvements needed across the justice system.

The UK Government is implementing a major overhaul of the Right to Buy scheme, including increasing minimum tenant eligibility to 10 years, cutting the maximum discounts to 15%, and introducing a 35-year exemption for new builds. These reforms aim to stop the rapid depletion of social housing stock, allowing councils to retain and rebuild homes, with 100% of sales receipts available for investment starting in 2026–27.

Matthew Pennycook MP stated that leasehold remains a barrier to a fair and efficient property market and confirmed that the UK Government aims to ‘get the job done’ by the end of this Parliament, making commonhold the default tenure for new flats. However, he also stated that reform must be phased to avoid legal, administrative and market disruption — meaning the five million existing leases in England and Wales will not end immediately.

Findings from the Housing, Communities and Local Government Committee inquiry into the affordability of home ownership have revealed that the home-buying and selling process is a painful experience that reduces motivation to move and slows down the housing market. These findings closely reflect our evidence and support our consistent calls for improvements for consumers and agents.

The Renters’ Rights Act came into force on 1 May 2026. Much of the coverage has focused on the big, visible changes: the end of Section 21, the shift to periodic tenancies, and the ban on rental bidding wars. These are significant, but they are not, on their own, what will squeeze landlord margin. Propertymark Industry Supplier, Homebox, explains the potential impact of the less headline-grabbing changes in the legislation.

Housing Secretary, Steve Reed, MP, has categorically stated that the UK Government will not introduce rent controls in England after reports emerged that the Chancellor was considering them as a short-term measure to ease the cost of living. Propertymark recognises the financial pressures facing tenants and the need for the UK Government to act to support households. However, rent controls risk producing unintended outcomes that disadvantage both tenants and landlords.

While much of the attention has focused on tenancy reform, the Act also has a clear knock-on effect for how tenancy deposits are managed – particularly when it comes to end-of-tenancy disputes. Propertymark Industry Supplier, TDS, explains that understanding the impact on deposit deductions, tenant expectations, and evidential requirements will be key to avoiding disputes and ensuring fair outcomes for all parties.

With the Senedd election approaching on 7 May 2026, housing remains a critical issue across Wales. All major parties recognise the need to increase supply and improve affordability, but their approaches differ significantly. The next Welsh Government will need to strike a careful balance between raising standards and maintaining investment, particularly in the private rented sector (PRS).

With the Scottish Parliament election approaching on 7 May 2026, all major political parties have set out their housing priorities. The next Scottish Government will need to strike a careful balance between improving standards and maintaining supply. Policies that focus too heavily on regulation risk reducing investment, while those that prioritise supply must still ensure quality and consumer protection.