Labour commits to introducing rent controls

Labour commits to introducing rent controls

14:41 PM, 27th September 2017, About 7 years ago 71

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In Jeremy Corbyn’s speech at the Labour party conference today in Brighton he committed the party to introducing rent controls if they got into power.

In his speech Corbyn said:”We will control rents, when the young generation’s housing costs are three times more than that of their grandparents. That is unsustainable.”

“Homes should be for the many not speculative investments for a few.”

“Rent controls exist in many cities across the world and I want our cities to have those powers too and tenants to have those protections”

No further details of how rent controls would work precisely were given in the speech. However, Andrew Gwynne, Labour’s general election co-ordinator, later said “if New York has them then London can have them.”

Gwynne indicated that rents have soared under an unregulated rental market and action is needed to bring the costs down which will be fleshed out in a Green Paper in due course.

On the availability of housing in general Corbyn went on to say: “We also need to tax undeveloped land held by developers and have the power to compulsorily purchase.

“When councils come forward with proposals for regeneration, we will put down two markers based on one simple principle – regeneration under a Labour government will be for the benefit of the local people, not private developers, not property speculators.

“First, people who live on an estate that’s redeveloped must get a home on the same site and the same terms as before. No social cleansing, no jacking up rents, no exorbitant ground rents. And second, councils will have to win a ballot of existing tenants and leaseholders before any redevelopment scheme can take place. Real regeneration, yes, but for the many not the few.”

Editors Note:

ONS Chart below provided by Property118 member

 


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Comments

DanielLatto

14:00 PM, 4th October 2017, About 7 years ago

It seems to me that the more the government play with the PRS, the more out of control it gets.

This idea of helpin tenants with Section 24 for example, when in reality it harms them as rents are increasing to cover the extra tax costs. This means it's even harder for tenants to save for their deposits.

I'm glad I started this 20 years ago - but I do worry about my own kids.

Average age of a ftb was 26 I think when I started (I was 26!) - now it's more like what, 40 something ?

Poor show

Daniel Latto

NW Landlord

18:23 PM, 5th October 2017, About 7 years ago

There’s a full report about the housing crisis on bbc1 saying in London the amount of people in b & b and temp accommodation is at crisis point mainly due to private landlords evicting. WHY don’t they tell the full story and mention the reason why this is no mention of S24 at all. It even says that the council are converting council offices into temp accommodation. Why are the bbc not telling the full story osbournes assault is coming to fruition they said no kids in one borough where in B & B 3 years ago and now there are 100s...... errrm wonder why. Can’t we as a group get the real reason into the mainstream it really is starting to filter through into real peoples stories and the public are not gettin the full picture it’s a scandal

Gromit

18:42 PM, 5th October 2017, About 7 years ago

Reply to the comment left by NW Landlord at 05/10/2017 - 18:23
...because it doesn't make for a good headline.

NW Landlord

18:47 PM, 5th October 2017, About 7 years ago

It’s a disgrace poor families living in squalor let’s hope it’s filtering through to the numpties running our country that the weasels announcement July 15 is ruining people’s lives

Mandy Thomson

19:11 PM, 5th October 2017, About 7 years ago

Reply to the comment left by NW Landlord at 05/10/2017 - 18:23
"in London the amount of people in b & b and temp accommodation is at crisis point mainly due to private landlords evicting" a statement that is true on the face of it but no attempt made to qualify or explain the back story; a tactic employed by the BBC when they wish to discredit something but don't want to risk outright criticism...

Most of the landlords who ring our advice line for guidance on eviction (the most common reason for ringing) are evicting as an absolute last resort after having given the tenant every chance to remedy the problem. Most of these landlords will use s.21, even if they have considerable grounds to use s.8.

As has been said by other landlords recently, in most cases eviction is simply the end result of months, sometimes years, of tenancy violations. Where a good tenant can't afford the rent for very genuine reasons, most landlords will work with the tenant rather than evict, and will reduce the rent if necessary.

Of course there are landlords who evict good tenants, but the fact that the vast majority of private tenants are satisfied with their home and tenancy points to most private landlords being decent.

Mark Shine

19:36 PM, 5th October 2017, About 7 years ago

Reply to the comment left by NW Landlord at 05/10/2017 - 18:23
... because (1) the BBC are often biased (2) the govt need the S24 cash & (3) the BTR boys (including Tory party donors) might prefer substantial market disruption to give their products best chance of success?

NW Landlord

15:04 PM, 6th October 2017, About 7 years ago

The RLA submission to the treasury s24 in it but seems very hands off to me and doesn’t go far enough in my opinion

https://www.landlords.org.uk/sites/default/files/2017-09/NLA%20Budget%20Submission%20-%20September%202017%20%28final%29.pdf

DanielLatto

10:06 AM, 7th October 2017, About 7 years ago

I'd like to see the nuts and bolts as to how this would actually work in reality.

I'm not opposed to rent controls per se - just depends on how they are implemented.

They need a balance between rent controls and driving yet more landlords out of the sector.

terry sullivan

11:10 AM, 18th October 2017, About 7 years ago

Reply to the comment left by Arnie Newington at 27/09/2017 - 19:38
and in usa--corruption+++

terry sullivan

11:12 AM, 18th October 2017, About 7 years ago

Reply to the comment left by NW Landlord at 30/09/2017 - 13:28
so--stop their benefits--its easy really

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