National Landlords Association Richard Blanco NLA London - - PowerPoint PPT Presentation

national landlords association
SMART_READER_LITE
LIVE PREVIEW

National Landlords Association Richard Blanco NLA London - - PowerPoint PPT Presentation

National Landlords Association Richard Blanco NLA London Representative London Borough of Islington Private Sector Rented Housing Communities Review Committee www.landlords.org.uk I n My Presentation The NLA: who we are and what we


slide-1
SLIDE 1

www.landlords.org.uk

National Landlords Association Richard Blanco

NLA London Representative

London Borough of Islington Private Sector Rented Housing Communities Review Committee

slide-2
SLIDE 2

www.landlords.org.uk

I n My Presentation…

  • The NLA: who we are and what we do
  • Changing landscape of the PRS in UK & London
  • NLA’s vision for the PRS in London
  • Current challenges facing landlords
  • Working with local authorities
  • Selective Licensing
  • Rent Controls
slide-3
SLIDE 3

www.landlords.org.uk

About The NLA

  • 20,000 full members
  • 100 local authority associate members
  • UK wide network of representatives, six in London
  • Head office in Albert Embankment
  • Take part in numerous national and regional government

task forces - examples

  • London Rental Standard
  • Review of Tenancy Deposit Protection
  • Welfare Reform & Green Deal
slide-4
SLIDE 4

www.landlords.org.uk

NLA Aims

  • Comprehensive range of services
  • Policy, campaigning & press work
  • Seek fair legislative & regulatory environment
  • Ensure landlords are aware of rights and responsibilities
slide-5
SLIDE 5

www.landlords.org.uk

NLA Services

  • Support the whole letting cycle
  • Examples - Tenant referencing, Insurance, Mortgages, Inventories,

Lease extension, Green Deal, Conveyancing.

  • Recognised Suppliers
  • Advice Line
  • Landlord Development and Accreditation
  • Bi-monthly UK Landlord
  • National network of landlord meetings
slide-6
SLIDE 6

www.landlords.org.uk

Changing Landscape Of PRS

  • Growth
  • Tenure of choice
  • Changing demographic – more families, high spec HMOs
  • Battle with media stereotypes
  • Difficulties obtaining finance
  • Collaboration with local authorities
  • Increased regulation
slide-7
SLIDE 7

www.landlords.org.uk

I n London...

  • Shortage of supply
  • Population increase by £1m in next 10 years
  • Size of PRS is 26% expected to reach 35% by 2025?
  • PRS used equally by all 5 income groups
  • Rising rents & calls for rent controls
  • Welfare Reform jeopardised role of PRS in benefit sector
  • Selective Licensing & Article 4
  • London Rental Standard
slide-8
SLIDE 8

www.landlords.org.uk

Exploding The Myths

  • 69% of tenants in PRS accommodation in London are

satisfied with their landlord

  • Average tenancy lasts 2 to 3 years
  • 67% of landlords had no rent rise in last 12 months
  • NB Lack of regulation of letting agents
slide-9
SLIDE 9

www.landlords.org.uk

NLA Vision For London

  • To support landlords to provide excellent homes for

Londoners

  • Positive and dignified relationship with tenants
  • Enable landlords to maintain, improve and develop their

businesses

  • To provide a high quality, flexible complement to social

and owner occupied sectors.

slide-10
SLIDE 10

www.landlords.org.uk

Putting it into practice

  • Light touch regulation of good compliant landlords
  • Mutually supportive relationship with local authorities
  • Collaborate with staff and landlord forums
  • Providing advice through rep network
  • Schemes such as grants for empty property renewal
  • Accreditation
  • Leasing schemes
  • Proper enforcement of rogue & criminal sector
  • Opposed to Selective Licensing & Article 4 Directions
slide-11
SLIDE 11

www.landlords.org.uk

Challenges for Landlords

  • Difficulties Obtaining Finance
  • Rising house prices, reducing rental yields
  • Arrears, homelessness policy, universal credit
  • Empty Property Strategies
  • Isolation
  • Rogue tenants, scams and other crime
  • Agents and maintenance
  • Hostile attitudes, explaining the business to stakeholders
slide-12
SLIDE 12

www.landlords.org.uk

Working with Local Authorities

  • Crucial for creating a positive business environment
  • Landlord Forum
  • Grant & leasing schemes
  • Evidence based approach
  • Dangers of headline grabbing policy
  • Promoting, encouraging & modelling good practice
slide-13
SLIDE 13

www.landlords.org.uk

Selective Licensing

  • Licensing is punitive approach to regulation which

alienates landlords

  • All borough approach in Newham
  • Over 40,000 PRS properties (37%), 31,000 applications so far
  • Estimate 5,000 units in criminal/rogue sector
  • Deters landlords from investing in the area
  • Good landlords pay for enforcement against bad landlords
  • Introduction of Article 4 Planning Directions
  • Prevents shared housing
slide-14
SLIDE 14

www.landlords.org.uk

Housing Profile I n I slington

  • 29% Owner occupied
  • 27% Council rented
  • 26% Privately rented
  • 15% Registered providers
  • 3% Other
  • Flexibility that PRS provides
slide-15
SLIDE 15

www.landlords.org.uk

Calls For Rent Controls

  • In 2012, rents up by 7.9%, House prices up by 6.8%
  • Housing shortage – need to build more social housing
  • Household formation outstrips demand by 3:1
  • London population to rise by 1 million in next 10 years
  • Global nature of London’s market
  • We are running businesses and need to make

reasonable profit

  • 67% of tenants had no rent rise in last 12 months
slide-16
SLIDE 16

www.landlords.org.uk

Effect of Rent Controls

  • PRS shrank to 8% in 1992 (now 18%)
  • Deters institutional investors
  • Will drive private landlords out of market
  • Lack of social housing means PRS is vital
  • Increase homelessness, temporary accommodation
slide-17
SLIDE 17

www.landlords.org.uk

National Landlords Association Richard Blanco

NLA London Representative

richard.blanco@landlords.org.uk