Labour would devastate the rented housing marketMake Text Bigger
Plans by the Labour Party would threaten to close down the private rented sector according to the RLA.
The development of annual ‘Property MOT’s’, a Charter of Renters’ rights, open ended tenancies and rent controls all combined would drive thousands of landlords out of the sector. This would lead to a massive shortage of properties driving rents up and increasing homelessness.
David Smith, Policy Director for the Residential Landlords Association (RLA), said:
“These proposals have not been thought through. We have been at the forefront of wanting to drive criminal landlords out of the market, but to place such ill-thought out burdens on the majority of good landlords would lead to a serious rental housing crisis, which would only hurt tenants as they struggle to find a place to live. The sector does not need new obligations, but better enforcement of those that already exist. We hope that should Labour come to power they will work with us to bring in proposals that would better protect tenants against criminal landlords whilst still encouraging good landlords to invest in the supply that is needed to meet demand.”
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