UK’s largest landlord trade bodies to merge to deliver a ‘stronger voice’
The country’s largest landlord trade bodies are to merge in a bid to present one unified voice for the private rental sector at a time of considerable change.
The National Landlords Association (NLA) and the Residential Landlords Association (RLA) will unite to form the National Residential Landlords Association (NRLA) with a membership of more than 80,000 landlords making it by far the largest organisation in the sector.
Combined, NRLA members will own and manage half a million properties, equating to about 10% of the private rented sector.
The merger comes at a challenging time for the buy-to-let sector where increased government regulation, taxation and a restriction on the fees letting agents and landlords can charge, has led to many landlords quitting the sector.
The NLA and RLA hope that by uniting as one body, landlords’ voices have a greater chance of being heard.
The merger has been endorsed by both boards, and members will vote on it in September. The new organisation is planned to launch officially on 1stJanuary 2020 and until then, both the RLA and NLA will continue to operate independently.
The two Chairs, Alan Ward (RLA) and Adrian Jeakings (NLA), said in a joint statement: “After more than 20 years of friendly competition the time is right to create a single organisation to represent and campaign for landlords.
“With so much of our work done in parallel there are major benefits to be gained for our landlord members.
“We will be stronger together when presenting a unified voice to government both nationally and locally about the importance of supporting the majority of landlords who do a good job providing the homes to rent the country needs.”