Ipswich MP backs advance rent cap limit but local property experts warn of 'unintended consequences'

The big picture: The government's Renters' Rights Bill introduces a cap on advance rent payments, limiting landlords to requesting only one month's rent upfront – a significant change from the current system where multiple months can be demanded.

Lee Pearce , Head of Property Dispute Team at Ellisons , believes the legislation needs careful consideration: "For the private rental market to function effectively, it is crucial to strike a fair balance between protecting tenants and landlords. If the Government has misjudged this, their plans risk being more of a headline than a genuine solution to the challenges in the rental sector."

Why it matters: With rental properties already in short supply across Ipswich, any reduction in available housing could drive up costs and make it even harder for locals to find accommodation.

By the numbers:

• Data from the Deposit Protection Scheme shows 1 in 8 landlords requested between four and six months' rent upfront between May and December last year

• The government estimates renters could save up to £8,000 in advance payments

The other side: Ipswich MP Jack Abbott supports the changes, saying: "For too long, renters in Ipswich have had to find large sums of cash upfront, meaning they are pushed into debt or have to go without essential living costs."

Yes, but: Pearce warns the changes could have unexpected consequences: "Reducing upfront costs will undoubtedly help renters, but deposits and advance payments are vital for landlords, providing security in a system where evictions can be lengthy and costly."

He adds that certain groups may find it harder to rent:

Opinion

Limiting upfront rent to one month's payment leaves landlords exposed and may discourage them from renting to tenants with less stable financial backgrounds. Pensioners, overseas students, the self-employed, and others may have difficulties satisfying referencing and affordability checks.

The bottom line: While the legislation aims to make renting more affordable and accessible, there are genuine concerns that it could reduce rental property availability in Ipswich and increase rental prices.