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Labour plans would be death knell for rented housing

RLA
Written by RLA

Analysis by the Residential Landlords Association (RLA) of figures produced by the Department for Communities and Local Government has revealed that of the over five million new dwellings created between 1986 and 2012, 57% of these have been private homes to rent…

Nearly 60 percent of housing stock created since 1986 has been in the private rented sector.

Analysis by the Residential Landlords Association (RLA) of figures produced by the Department for Communities and Local Government has revealed that of the over five million new dwellings created between 1986 and 2012, 57 per cent of these have been private homes to rent.

Despite calls by the Labour Party at their conference for a boost to the supply of homes, their policies announced this week will critically undermine the housing tenure that has made up the majority of new dwellings created over recent years, warns the RLA.

The RLA is warning that the extra regulations for the sector announced by Labour at this week’s conference will significantly damage the only sector that is boosting the supply of places to live.

This week, Shadow Ministers announced plans for:

  • A national register of landlords. This is despite the fact that the last Labour Government described a full register of this kind as “onerous, difficult to enforce and costly”.
  • Rent controls. This is despite the last Labour government having launched a consultation which made clear that the last time rent controls were introduced they seriously undermined investment in the sector.
  • Banning so called revenge evictions with costly new legislation. This is despite the fact that the Competition and Markets Authority has made clear that this is already illegal.

Alan Ward, Chairman of the Residential Landlords Association has today said:

“The figures show that private landlords are the largest single investor group in the UK housing market. Without the increase in rented dwellings we have seen, the current housing crisis would be more like an Armageddon.

“Sadly Labour just does not get it on rented housing. Rather than supporting the sector to meet the ever growing demands being placed on it, Shadow Ministers are looking to make cheap political points by reaching for populist regulations without thinking through their consequences.”

About the author

RLA

RLA

The Residential Landlords Association (RLA) represents the interests of landlords in the private rented sector (PRS) across England and Wales. With over 23,000 subscribing members, and an additional 16,000 registered guests who engage regularly with the association, we are the leading voice of private landlords. Combined, they manage almost half a million properties.

2 Comments

  • Just read that the labour government is trying to bring in if and when they may come into power rent caps ???? Well that is a great way to stun the housing market and kill of the private rental market. Do they not relise the private sector is providing housing for the government as they can not afford to build or maintain sufishant property’s for today’s demands. Please think again Labour and tighten up uther areas of guvarment that is throwing money good after bad.
    Ross Mcroberts

  • I feel it is necessary to focus on the supply of housing for the growing population that needs decent accommodation in England and how to support landlords with the ever Increasing cost of running decent properties.
    Working together as a team government and private land lords.
    Thanking those land lords that comply and do care.

    Judith

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