Landlord Report 2024
Our Landlord Report is a detailed analysis of the UK’s private rental market, highlighting the key challenges facing landlords and the sector.
With a new government bringing in the biggest changes to renting in a generation, we asked almost 2,000 landlords how they feel about where the sector is heading.
Thanks for downloading this year’s Landlord Report.
The top 5 challenges facing landlords
After a turbulent few years in the rental market, we checked in with landlords to see what their biggest challenges are in 2024.
1. Constantly changing and confusing government legislation
2. Rising taxes, such as income tax and corporation tax
3. Interest rate rises, leading to higher mortgage repayments
4. The reduction of buy-to-let mortgage interest tax relief
5. Increasing the energy efficiency of a rental property
In this year’s Landlord Report, we share in-depth data on all of these topics and insight into what landlords are doing to adapt to them.
Key findings from the report
of landlords are concerned about the future of the buy-to-let market
50% will need to make improvements to their property to meet a minimum EPC standard of C by 2030
of landlords have increased tenants’ rent by between 1 and 10 per cent in the last 12 months
Ready to set up your cover?
As one of the UK’s biggest landlord insurance providers, we specialise in policies that are tailored to your needs. Why not take a look now and build a tailored quote in minutes?
“Insuring more than 300,000 landlords allows us to gain first-hand insight into the integral role they play in the housing market. But with three quarters (75 per cent) of landlords concerned about the future of the rental market, it’s more important than ever to understand their challenges and perspective.”
Bea Montoya, UK Chief Operating Officer at Simply Business
Useful guides for landlords
Renters’ Rights Bill explained
The government has published a new Renters’ Rights Bill, which includes draft legislation to outlaw Section 21 evictions and limit rent increases.
Energy efficiency rules for rental properties
Landlords will need to make sure rental properties have a minimum Energy Performance Certificate (EPC) rating of C by 2030.
A landlord’s guide to property maintenance
There are certain landlord responsibilities around repairs to prevent damage to your property over the longer term, protecting your investment.
A landlord’s guide to renting with pets
Whether to allow tenants to keep pets has long been a hairy issue for landlords, with 40 per cent of UK households owning a pet.
How to get funding for a air source heat pump
Landlords can get a cash grant from the government towards replacing their boiler with a greener alternative, this includes an air source heat pump grant.
A simple guide to getting a buy-to-let mortgage
If you’re buying a property that you want to rent out rather than live in, then you’ll probably be looking to get a buy-to-let mortgage.
About Simply Business
Simply Business insures more than 300,000 landlords, from accidental landlords all the way up to professionals with larger portfolios. When it comes to protecting rental properties, we’re proud to offer simplicity, choice, and value to landlords across the UK.
At Simply Business, we’re serious about putting our customers at the very heart of all we do – whether that’s our digital experiences or our advertising. As part of this it’s vital to understand what it’s like to be a landlord in 2024, from major challenges and threats to future plans and reasons for optimism.
Our in-depth survey gave landlords the opportunity to share their experiences of letting properties, allowing us to gain a unique insight into the current buy-to-let landscape.
We know it’s been a tough few years for landlords and with significant changes on the horizon, our annual Landlord Report provides an in-depth analysis of the UK rental market.