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What could a new prime minister mean for the private rental sector?
Cara Wiltshire • Aug 25, 2022
How could the rental reforms change if there was a new prime minister?
Now that the UK’s Prime Minister, Boris Johnson, has resigned, a new Conservative Party leader is set to be chosen by September 5th. So, what could this mean for the private rental sector?
Rishi Sunak is one of the many MPs in line to be our next Prime Minister. His approach, described as “common sense Thatcherism”, could dent the tax benefits of landlords who own their portfolio through a limited company.
On the other hand, less funding for local councils could limit their ability to intervene in the rental market. This could then lead to a reduction in the new landlord licensing schemes or limits on short-term rentals.
As a result, this could increase the chances of widespread rental reforms, including the banning of Section 21 evictions, passing through parliament without any changes.
As well as Sunak, we have Liz Truss also in the running to become the UK’s next Prime Minister. Truss is promising “the biggest change in economic policy for 30 years,” cutting taxes and simplifying regulations.
She has pledged to reverse the planned rise in corporation tax, which could provide a boost for limited company landlords.
However, her stance on simplifying regulations could lead to a slowdown of the regulation of the rental market. For example, some of the proposals in the Fairer Renting White Paper could be watered down or scrapped altogether. This could be a big change for landlords, so keep your eyes open for a possible change in the roadmap to reform.
Truss has shared little detail on her plans to review the Bank of England’s mandate, therefore it is hard to predict how landlords could be affected. However, a change to how the Bank of England works could see interest rates rise or fall, which could affect landlords’ buy-to-let mortgage repayments.

The main question landlords have now is what will happen to the Renter Reforms Bill when we elect the new Prime Minister. The government recently published the white paper on rental reforms, which pledged to remove Section 21 evictions, introduce a rental ombudsman, and more. The worry now is what changes (if any) the new Prime Minister will make to this bill. It is unlikely that the bill will be completely scrapped, however, depending on who is elected, could we see measures watered down to favour landlords or will reform progress as expected?
If you are a landlord or agent reading this, it’s essential that you keep up to date with the candidates’ policies and what they could mean for you. Time would also be well spent examining your portfolio to make sure all is in order. Look at the tenancy documents, referencing information, communications on the file, schedule of rental payments, the condition of the property, and issues of disrepair. This will put you in the best possible position to navigate any changes coming our way.
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Ambitious Dorset law firm Woodstock Legal Services has further strengthened its family team with the appointment of another experienced family solicitor. Family lawyer, Emilie Holland joins Woodstock Legal Services as a Consultant Family Solicitor and joins its highly regarded family law team , having already built an enviable reputation across Hampshire, Wiltshire and the South Coast having previously worked for a number of regional law firms. Surrey-born Emilie has over 14 years of experience dealing with family matters arising from separation, including high-net-worth divorce, dissolution of civil partnerships, cohabitation, complex financial settlements, asset protection and children disputes. Emilie also has vast experience dealing with relationship matters, including injunction proceedings, cohabitation agreements, and Pre-Nuptial Agreements. Commenting on her appointment, Emilie said: “I’m delighted to join the ambitious growth here at Woodstock Legal Services, which has achieved impressive growth over the last few years and is a firm breaking the mould with how they provide legal services" She continued: “The family team are not only held in high regard but are a team of passionate and committed lawyers who take so much pride in their work for clients. “Working within family law is highly rewarding, supporting people through difficult and emotional times and ultimately trying to find constructive solutions.” The Woodstock Legal Services family team already have an excellent reputation across Dorset and the South Coast. Emilie’s appointment takes the Woodstock family law team to three, with family solicitor Amy Langlois joining Woodstock in Bournemouth and, more recently, highly experienced family solicitor Karen Layland joining the firm last month . The family team advises on a wide range of matters, including divorce, separation, cohabitation agreements, pre-nuptial agreements, arrangements for children and financial settlement arrangements. Carly Jermyn , CEO at Woodstock Legal Services, said: “We are delighted to have Emilie join our growing family team. We’ve quickly established a solid reputation in the Dorset region, and I’m pleased that Emilie has joined to help us offer our family law services further afield. Her extensive experience in family law will continue to complement our wealth of legal services to clients. Emilie's appointment showcases our commitment to providing clients with the highest quality legal services, making an already emotional time as manageable as possible.” In a year which marks Woodstock’s 10-year anniversary, 2024 continues to see further expansion across the regions as more lawyers leave traditional law firms and turn to the more modern consultancy-based approach to offering quality legal services to clients. Woodstock Legal Services has been on an upward trajectory since its inception in Canford Cliffs, Poole, in 2014. The firm now boasts an impressive team of over 45 , attracting top legal talent from regions like Dorset, Devon, Hampshire, Yorkshire, London, the Midlands, and Wales. The firm's growth can be attributed to its flexible, consultancy-based approach to legal work and unwavering commitment to client service. Emilie continued: “The flexibility of the consultancy model offered by Woodstock is increasingly attractive to busy lawyers, particularly to those with young families. It’s a model that allows lawyers to focus on providing clients with the level of service and support they deserve while balancing a professional and personal life.” If you would like to discuss your legal options with our family law solicitors , please contact Emilie Holland on 0330 088 5792 or email e.holland@woodstocklegalservices.co.uk .
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