8:10 AM, 22nd July 2019, About 3 years ago 7
The National Landlords Association (NLA) has slated London Mayor Sadiq Khan’s blueprint for private renting.
The blueprint calls for the Mayor to be given the power to introduce:
Sadiq Khan also claims to have been a major influence towards the Government’s decision to abolish section 21 ‘no fault’ evictions and introduce indefinite tenancies.
Research by the NLA* shows that 89% of landlords would be likely to vote against any party that proposed rent controls and 85% would vote against parties proposing to remove section 21.
Richard Lambert, CEO of the NLA, says: “The Mayor’s strategy is at best contradictory and at worst deluded. Either he hasn’t researched how landlords’ businesses work, or he didn’t understand what he found. Or perhaps he did, and he just doesn’t care.
“There’s nothing beyond a few warm words about “incentivising continued investment” to explain how he expects landlords to sustain their businesses in the face of an arbitrary political decision to reduce rents.
“Capping and reducing rents in the way suggested in this manifesto would destroy any prospect landlords have of covering their costs or making a profit. If Sadiq Khan is serious about this, he needs to tell us why rent control won’t reduce the number of private rental homes available to Londoners, as it did before, and as it has done everywhere else it has been introduced.
“The Mayor’s blueprint won’t solve London’s housing crisis; it will add to it. It’s just as well he doesn’t have the power to implement it.”
*NLA Member Survey May 2019 (1,700 respondents)