Metro Bank have announced a broker update, available below. Contact us to see how we help brokers like you across the UK, Alternatively please refer to our Mortgage Lending Criteria Guide and Product Guides.
Announcement
Metro Bank – Renters’ Rights Act
Renters’ Rights Act: What you need to know before 1 May
To support you and your customers through the upcoming regulatory changes, we want to give you clear, practical insight into what’s coming. From 1 May 2026, all assured shorthold tenancies will switch to open‑ended periodic tenancies, and the following changes are also being introduced:
- Section 21 “no‑fault” evictions will stop
- Rent can only be increased once a year
- Rental bidding will be banned
- Landlords can ask for no more than one month’s rent upfront
- A PRS Database and a Landlord Ombudsman will be introduced later in the year
How can you prepare?
- Re‑forecast portfolio cashflows with customers (voids, rent review timing).
- Clarify new rent review process (Section 13, two months’ notice, tribunal challenge rights).
- Update docs for pet requests – no blanket bans; reply within defined timeframes.
- Track Database/Ombudsman go‑live windows and eligibility.
For more details, please visit our Renters’ Right Act support page.