The Renters’ Rights Act came into force on 1 May 2026 and represents the biggest change to renting in England for a generation. All landlords must be ready, as the new rules apply to both new and existing tenancies from day one.
The most important change is the abolition of Section 21, meaning landlords will no longer be able to end a tenancy without a valid statutory reason. All assured shorthold tenancies will automatically become assured periodic tenancies, removing fixed terms and increasing tenant security.
Landlords will need to review eviction processes, ensure they understand the new grounds for possession, and update internal procedures accordingly. Note that the official Renters’ Rights information document must also be provided to tenants by 31 May 2026, or risk fines.
If it has not already been done, now is the time to audit tenancy agreements, check compliance records, and seek professional advice to ensure a smooth transition under the new legal framework.
Investors representing over $3 trillion of assets under management from across North America, the Gulf, Asia and Australia will participate in InvestConnect, a new UK investment fund. Aimed at connecting the UK’s nations and regions to trillions of pounds of global capital, the new platform was developed in consultation with professional investors, government partners and the UK's nations and regions.
The Chancellor, Rachel Reeves, has announced an expansion of the British Business Bank’s (BBB) Growth Guarantee Scheme (GGS). This provides a 70% government guarantee on commercial loans to SMEs of up to £2 million, cutting credit risk.
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