Articles by Nick Clay

In Focus (2021, Qtr 3) - Taxation, mediation and policy innovation

The Quarter 3 survey focuses on issues around taxation, mediation and potential policy innovations that could improve the private rented sector. The study reports on sources of business advice, how landlords pay tax and their current readiness for Making Tax Digital. The report also provides an overview of the NRLA's recent "Student Landlord" collaboration with the DfE.

Quarterly Report Nick Clay 14/01/2022
In Focus (2021, Qtr 3) - Taxation, mediation and policy innovation

London School of Economics highlight tax barriers faced by landlords

The LSE report Private Landlords and Tax Changes reviews the treatment of landlords in the PRS here against their peers in other developed economies. The authors conclude the UK tax system is increasingly hostile to UK landlords. This is in contrast to tax systems in many other developed economies.

Deep Insight Nick Clay 20/12/2021
London School of Economics highlight tax barriers faced by landlords

LSE pinpoint landlords' tax disadvantage

The NRLA commissioned the LSE to draw out the implications of recent tax changes and the Covid pandemic for the private rented sector. The study also benchmarks the tax demands placed on landlords compared to their peers in other developed economies. Mainly as a result of changes since 2015, the authors conclude about the taxation system: "[It] now lies at the ungenerous end of the spectrum...of landlord tax regimes."

Special Report Nick Clay 20/12/2021
LSE pinpoint landlords' tax disadvantage

Landlords underpin tenant debt reduction

In November the NRLA surveyed over 2,000 tenants in the Private Rented Sector (PRS). This is the second survey of tenants undertaken in 2021. The survey shows tenant debt has fallen as has the number of tenant households in debt. The survey provides yet more evidence that landlords have been writing off tenant arrears accumulated since the onset of Covid-19.

Deep Insight Nick Clay 16/12/2021
Landlords underpin tenant debt reduction

Landlord Confidence Index (LCI) no.11: 2021 Q3

The Quarter 3 survey of landlord confidence shows an increase above the previous quarter's then-record level of confidence. This quarter, it has been an increase in confidence among landlords with London-based portfolio which has propelled the index. HOWEVER - confidence is still negative across the country (with the exception of the South West which recorded the first ever 'neutral' score).

Landlord Confidence Index Nick Clay 25/10/2021
Landlord Confidence Index (LCI) no.11: 2021 Q3

Green Homes Grants: What went wrong? What went right?

Whilst the long-term target of government is to enable more than 600,000 homes in England to become more energy efficient, the GHG voucher scheme made only a modest contribution to meeting that target. However the scheme's failings and resultant low take-up does not negate the need for a scheme. The conclusion from the evidence presented here is that for those landlords who wished to address EPC levels, the GHG voucher provided invaluable support.

Special Report Nick Clay 10/09/2021
Green Homes Grants: What went wrong? What went right?

In Focus (2021 Qtr 2): Licensing & regulation

The quarter 2 survey looked at landlords' recent experience of licensing. Possible policy innovations are also tested. There is support for regulatory regimes among landlords IF an impact can be demonstrated - this is something which both local authorities and national initiatives (Rent Smart Wales) have failed to do. This In Focus also reports on a collaboration with Battersea Dogs' Home.

Quarterly Report Nick Clay 02/09/2021
In Focus (2021 Qtr 2): Licensing & regulation

NRLA tenant survey: separating facts from fiction

This post reports on the tenant survey commissioned by the NRLA in May 2021.The survey found three-quarters of tenants had paid their rent as normal throughout the pandemic.The post gives a tenant-based estimate of the arrears facing landlords. A substantial proportion of tenants are looking to move out of urban areas in the next twelve months.

Deep Insight Nick Clay 07/07/2021
NRLA tenant survey: separating facts from fiction

Research Webinar - April 2021

This research webinar introduced our recently awarded MRS Company Partner accreditation. Recent trends in landlord confidence were presented along with key findings from recent quarterly surveys. The presentation also reviewed other recent research - such as that in Wales and London. Finally the presentation previewed forthcoming research, including a collaboration with the LSE.

Deep Insight Nick Clay 18/05/2021
Research Webinar - April 2021

Landlord Confidence Index (LCI) No.9: 2021 Q1

The 2021 Qtr1 survey shows a marked upturn in confidence from the previous quarter. Confidence is increasing across England and Wales: in London however, the increase could at best be described as marginal. Both the West Midalnds and the South West have seen surges in confidence. Over 85% of landlords reported as either having frozen or reduced rents over the last twelve months.

Landlord Confidence Index Nick Clay 18/05/2021
Landlord Confidence Index (LCI) No.9: 2021 Q1