Credit: Your Local Bury

Understanding the Impact of the Renters’ Rights Bill

Cardwell’s Estate Agents, has been closely monitoring the evolving rental landscape in Bury, particularly in light of the proposed Renters’ Rights Bill and wider legislative changes affecting landlords and tenants alike. According to Andrew Cardwell, Managing Director, while the local lettings market remains active on the surface, there are growing pressures behind the scenes that are reshaping how landlords approach property investment in the area.

The rental sector across Bury continues to attract strong tenant demand, yet the number of available homes is steadily shrinking. This imbalance is creating challenges for tenants and prompting many landlords to carefully reassess their long-term plans. Andrew Cardwell notes that these changes are not being driven by a single issue, but rather by a combination of financial pressures, regulatory changes, and rising compliance expectations that together are altering the market dynamic.

Recent industry data supports what Cardwells Estate Agents are seeing locally. National reports indicate that a significant proportion of landlords have either sold properties or are actively considering doing so. In Bury, this trend is becoming increasingly visible, with fewer rental homes coming to market just as demand remains consistently high. Well-maintained properties in areas such as Ramsbottom, Seddon’s Farm and Whitefield often attract interest within days, while apartments and traditional terraced homes near the town centre continue to be highly sought after.

Andrew Cardwell explains that landlords are facing a “perfect storm” of challenges. Increased taxation on rental income, reduced mortgage interest relief, stricter energy efficiency standards, and new legislation have all placed pressure on profitability. The forthcoming Renters’ Rights Bill has added further uncertainty, leading some landlords to question whether remaining in the sector is viable for them.

A Changing Landscape for Bury’s Rental Market

However, Andrew is keen to highlight that the Bill is not entirely negative. For many responsible landlords, the changes reinforce practices they already follow, such as offering fair tenancies and maintaining high property standards. The proposed reforms could bring greater clarity, improved tenant protections, and longer-term stability, which benefits both sides when managed correctly.

For tenants, Andrew Cardwell advises preparation and proactivity. With rental stock limited, suitable homes move quickly. Having documentation ready and acting decisively can make a real difference. Building a positive, professional relationship with a landlord is also increasingly important in a competitive market.

For landlords who choose to stay, the focus should be on quality, compliance, and strong tenant relationships. While energy efficiency improvements may seem costly initially, they help safeguard property value and future-proof investments. As the number of rental properties reduces, well-managed homes are becoming more desirable than ever.

Looking ahead, Andrew Cardwell remains confident in Bury’s property market. Demand continues to grow, the local community is expanding, and while the sector is changing, it is far from slowing down. Whether renting, letting, or considering selling, Bury remains a market worth watching closely.

Read the full news article at: Your Local Bury