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Labour plans longer tenancies and rent control
cgk1
Posts: 1,300 Forumite
In a policy designed to be one of the most eye-catching elements in his campaign to tackle the "cost of living crisis", the Labour leader will pledge to introduce three-year tenancy agreements with strict rules to make it more difficult to evict tenants.
Pledging to champion Britain's overlooked "generation rent", he will say he would introduce a mechanism to place a ceiling on rent increases. He will also ban letting agents from demanding fees from tenants that can be as much as £500.
http://www.theguardian.com/politics/2014/apr/30/ed-miliband-labour-rental-market-reforms-property
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Oh dear, there is a housing shortage, what shall we do? I know, lets put in place some measures likely to reduce supply - genius
I think....0 -
Deeply concerning
I just read this and came here to post it.
Knowing him it'll be pretty wishy-washy gimmick stuff, the cap is supposedly to ensure it doesn't go 'out of step with the market' whatever that means.“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse0 -
Deeply concerning I just read this and came here to post it.
So did I! Well spotted cgk1. Did you see it on one of the press previews?Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
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More tinkering by Ed. Great sound bites ahead of the election campaign. Lack the thought through detail that will be required to administer. Who is going to police the fragmented BTL market?
Shame that Ed doesn't focus his efforts on reducing the welfare bill for housing benefit instead.0 -
On the other had a good tenant signed up for three years with a reasonable mechanism to increase rent and a means of termination to sell is not that bad.
I imagine letting agents prevented from charging renewal fees will start charging for something else.Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.0 -
Thrugelmir wrote: »More tinkering by Ed. Great sound bites ahead of the election campaign. Lack the thought through detail that will be required to administer. Who is going to police the fragmented BTL market?
Shame that Ed doesn't focus his efforts on reducing the welfare bill for housing benefit instead.
Councils already have a mechanism in place to administer existing mandated rents. They'd just need to expand that.
I said that this was a risk. It's such a big target and 'free'.0 -
Oh dear, there is a housing shortage, what shall we do? I know, lets put in place some measures likely to reduce supply - genius
How will this policy reduce supply?
It may mean there are less properties purchased by BTL landlords but the property will still exist and could be purchased by an individual looking to buy their own home instead.0 -
KnightSmile wrote: »How will this policy reduce supply?
It may mean there are less properties purchased by BTL landlords but the property will still exist and could be purchased by an individual looking to buy their own home instead.
If they could afford to buy their own house, why would they be looking to rent instead?
The point is not that actual house numbers will be reduced but the rented market supply will reduce?0 -
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