0:00
What can renters expect from this sort
0:02
of latest bout of volatility?
0:04
>> If you are a landlord, you are now, you
0:05
know, you're and you are renewing your
0:07
mortgage, you and I are going to be
0:08
paying more every month. So, that's
0:09
going to put that's going to make it
0:10
stack up fewer and fewer landlords. And
0:12
we've seen a number of them leave the
0:14
sector over recent years, and that's
0:16
obviously reduced supply. That's pushed
0:17
up rents. That's the bigger story. On
0:19
top of that, I suppose, yes, you have
0:21
the uncertainty around what is going to
0:23
happen with the Renters Rights Act. It's
0:25
just, you know, it's a few weeks old,
0:27
but already there's a sense that there's
0:28
a greater risk for landlords. That has
0:29
to be reflected in the rent that they
0:32
collect. And so, if you are more
0:33
concerned about your tenants' ability to
0:35
pay or whether they might just leave at
0:36
a moment's notice, that'll have to be
0:38
reflected in the rent. So, rents,
0:39
generally speaking, particularly in
0:41
London, where it's so prevalent, rents
0:43
are are sort of heading up. And so, a
0:44
bit of legislation that was designed to
0:46
ultimately be for the benefit of
0:48
tenants, I think, probably end up
0:50
hurting them in the pocket.
