Call comes as new report warns corporate investors are failing to provide the homes to rent the country needs.
The new Government needs to back the nation’s landlords as a new report by Peers finds that institutional investors are failing to provide for the rental sector.
The Residential Landlords Association (RLA) is pointing to a House of Lords report published today which says that corporate investors ”have so far achieved little” and are “not providing for the rental sector”.
The report also notes that Ministers “should not overlook the role the existing housing stock plays.”
The RLA is calling on the new Government to drop its predecessor’s attacks on the buy-to-let market and ensure that the tax and planning systems encourage individual landlords to invest in new properties and bringing into use properties standing empty.
Commenting, Alan Ward, Chairman of the RLA said:
“This report confirms everything we’ve known. Corporate investors are simply failing to develop the new homes to rent we need.
“The vast majority of landlords are individuals, renting out just a few properties. With the right planning and tax policies, they are ideally placed to invest in new homes to rent and to make better use of the country’s existing housing stock, including converting large properties into more useable smaller units of accommodation.”
- The RLA represents 40,000 private sector residential landlords in England and Wales.
- Further information about the RLA can be found at http://www.rla.org.uk/ or by following it on twitter @RLA_News.
- For further information please contact the RLA’s consultant, Ed Jacobs on 0113 278 0211 (office), 07706386773 (out of office hours) or email firstname.lastname@example.org.