Now, with a new government and the Renters Right bill expected to become law in spring 2025, and with the Government aiming to have the new rules in place by summer 2025 for landlords and tenants, How is it going to work.
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It is disheartening to observe that public forums continue to recommend withholding information from potential buyers regarding existing issues that may be present in properties, particularly if these buyers are unaware of such matters. The focus should not solely be on negotiating a price reduction for repairs, but rather on ensuring that the property meets appropriate standards and is fairly priced given its condition.
Therefore, it is imperative to exercise caution, as failing to obtain a survey can lead to a costly error, regardless of prevailing opinions.
It is ultimately wiser to incur an expense of a thousand rather than face losses amounting to tens of thousands.
I am a members of the RPSA Kim0865, Residential Property Surveying Association, Regulated by RICS 687815 and CABE 65530236, The Associate Chartered Association of Building Engineers. I also hold a level 6 diploma in residential surveying and Specialise in moisture issues.