Jeremy Corbyn’s plans for rent controls and “secure tenancies” in the private rented sector would spell disaster for tenants, reducing the supply and the quality of homes to let.
The plans were among 10 pledges announced by the Labour leadership contender today, but we believe that introducing controlled rents would inevitably reduce the supply of rental homes, worsening the UK housing crisis.
Alan Ward, RLA chairman said the plans would be spell disaster for private renters.
He said: “Jeremy Corbyn’s call for rent controls would be a disaster for tenants. He is ignoring all history and experience which shows that where such controls are applied they choke off the supply of homes to rent, making it more difficult for tenants to access decent and affordable housing. This has previously been acknowledged by Labour’s former Minister responsible for housing in Wales.
“Rather than playing the populist tune, Mr Corbyn would do well to consider the facts. Figures in the English Housing Survey show that private sector tenants are spending an average of 4 years in their current property, up from 3.7 five years ago. Such tenants are also more satisfied with their accommodation than those in the social rented sector according to the same survey.”