It’s been a long time in the making and the idea has run through successive governments, but a new law to improve the life of those who rent their home has finally kicked in.
Whether it’s much-needed or much-feared depends on which side of the landlord fence you are on, but what’s not in doubt is that the Renters’ Rights Act is a massive shake-up.
The assured shorthold tenancy system that has been the backbone of renting a home for almost 40 years has been torn up and replaced with rolling contracts that tenants can get out of with two months’ notice.
Landlords, however, will find it much harder to get their property back, put the rent up, or even turn down pets.
So, is this what the rental market needs, or is it likely to backfire as some property experts warn?
With decades of experience of renting, covering the property market – and even helping with a family business that’s involved in it – Georgie Frost, Helen Crane and Simon Lambert dig into the Renters’ Rights Act.
Plus, on this episode, the Bank of England held rates but could it really need to raise them three times this year and what’s behind the rocketing number of 45p taxpayers and why isn’t it Rachel Reeves’ fault?
And finally, travel experts this week revealed where is still cheap to fly to for summer, so do you fancy a holiday in Cork, Dortmund or that old Wags’ favourite Baden-Baden?