Rent controls and the abolition of mortgage interest relief are among proposals outlined in the Green Party’s manifesto, out today.
It says the party wants to bring in these controls to introduce a ‘living rent’ and more secure tenancies for all, along with mandatory licensing for PRS homes.
Other proposals included in the document include plans to:
- Support the development of a renters’ union
- Roll out a major programme to build affordable, zero carbon homes, including 100,000 social rented homes each year by 2022.
- End the Right to Buy.
- Abolish the “bedroom tax.”
- Take action to bring empty homes into use and trial a new Land Value Tax.
Alan Ward, chairman of the RLA said: “Rent controls do not work and reduce the supply and quality of homes. Similarly, licensing schemes mean good landlords must fork out for costly licences, while the criminals continue to operate.
“Landlords are already struggling to cope with the reduction of mortgage interest relief (MIR) to the basic rate of 20%, with many making a loss or forced out of the market altogether.
“Abolishing MIR altogether would be disastrous. There is an army of small landlords in this country providing much needed homes to rent and they should be supported, not punished.
“Green by nature, these naive proposals would force landlords out of business and remove homes from the market leaving tenants to struggle.”
To read the full manifesto click here.