Agents warn politicians that investors could quit buy… – Letting Agent Today

Buy to let investors many quit the sector if proposals in the Northern Ireland Private Tenancies Bill go-ahead in their existing form, agents have told politicians. 

ARLA Propertymark’s Daryl McIntosh has told the Northern Ireland Executive that some proposals in the bill are welcome – but others not.

The warning came in McIntosh’s evidence to the Northern Ireland Assembly Committee for Communities; it’s considering the Private Tenancies Bill which wants to boost safety standards and improve security for tenants in Northern Ireland.

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The Bill includes provisions for restrictions on the frequency of rent increases, changes to Notice to Quit periods, caps on deposits, and powers to introduce regulations on minimum energy efficiency standards and electrical safety.

McIntosh told politicians at the committee: “It’s a lot about balance, everybody wants tenants to have rights, and make sure they are secure in

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