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[–] [M] 129 points 4 days ago* (last edited 4 days ago) (10 children)

The Negotiator is a trade magazine that "serves the residential property industry, specifically targeting estate and letting agents and their suppliers". The original source for this news is https://www.telegraph.co.uk/money/property/buy-to-let/landlords-quit-rental-market-at-fastest-rate-in-a-decade, which is mirrored by https://www.aol.com/articles/landlords-quit-rental-market-fastest-094056000.html .

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  • [–] 110 points 4 days ago (7 children)

    In addition: The Telegraph is a rightwing rag who are automatically against anything Labour does. Apart from their right-wing bias, in the last few (3?) decades they've seen a decline in quality to the level of gutter journalism, so they have no credibility and their claims are basically meaningless.

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  • [–] 8 points 4 days ago (5 children)

    I must be used to American rightwing media because this Telegraph article seems downright neutral by comparison haha. Also, I have a question. It says that one of the things this bill does is abolish "fixed term tenancies". Does that mean, for example, that someone could just move in for a month and then move out?

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  • [–] 26 points 4 days ago (2 children)

    I'm not from the UK myself, I've just read some trash tier articles from The Telegraph in the past. Articles written with long words, but still obvious falsehoods. Which is a shame, because they didn't use to be like that. Wikipedia lists some of their controversies (see history since 2004): https://en.wikipedia.org/wiki/The_Daily_Telegraph

    About the new law:
    “Fixed-term tenancies mean renters are obliged to pay rent regardless of whether a property is up-to-standard, and they reduce flexibility to move in response to changing circumstances, for example after relationship breakdown, to take up a new job or when buying a first home.

    Instead, all tenancies will be periodic, with tenants able to stay in their home until they decide to end the tenancy by giving 2 months’ notice. This will end the injustice of tenants being trapped paying rent for substandard properties and offer more flexibility to both parties to respond to changing circumstances.” https://www.stirlingackroyd.com/property-insights/fixed-term-tenancies/

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  • [–] 10 points 4 days ago

    Yeah, from that it sounds like the implication of a supply crunch pushed by the original article is highly misleading:

    The analysis suggested that rents were flat across the country, increasing by just £4 to an average of £1,475 a month compared to last year.

    However, stock across the rental sector still increased year-on-year, driven largely by new build-to-rent properties coming on to the market. Available properties increased by 1.3pc on average, reversing years of decline.

    The data showed 7pc growth in rental properties costing between £800 and £1,500 a month, while the number of more expensive rentals on the market declined.

    So even though existing properties are leaving the UK rental market, if you factor in new construction it's a net gain and affordable rentals have increased, facts it omitted entirely.

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