GENERATION RENT campaigns for professionally managed, secure, decent and affordable private rented homes in sustainable communities.

Join us today and help campaign for a better deal for private renters.

How we help

  • hwh-1.pngCall for changes in legislation, strategies, policies and practices to make private housing a better place to live

  • hwh-2.pngStrengthen the voice of private tenants by developing a national network of private renters and local private renters’ groups
  • hwh-3.pngEncourage private renters to set up local groups in their own areas
  • hwh-4.pngWork with affiliates towards achieving the aims of Generation Rent
  • commented 2016-02-07 16:50:14 +0000
    James R and Paul, I think it’s all posts today that you’d expect to go on to page 2 that are disappearing. Maybe they’ll be back tomorrow? I thought I’d answered that question, James. I have no problem with rental properties as such. There need to be many, for many different and good reasons, and short term temporary relocation such as you describe is one. But the owners should NOT be private individuals, nor any profit making firm or association. Let’s refer to my preferred owners as NPFs (Non-Profit Firms) and they could include, but not be restricted to, local councils, housing associations, charities, national governmental departments, universities, maybe some large multi national companies who need to move staff internationally (but that needs a bit of thought) and similar bodies. They should be properly and strongly regulated to provide the quality you describe. But any/all profits after maintenance and running costs from either rental income, or more likely capital appreciation, should be used by the NPFs to build new properties within their catchment area. This money should not go to private individuals to fund their lifestyle or retirement. This would continue the funding for the building industry and contribute to the economy, but would stop BTLs buying properties for their own gain and continually denying younger people the opportunity to buy their own home.
    Likewise, I have no issue with pension funds etc. making money from the building sector. That’s what capitalism should be about, benefitting those who contribute. I do have a problem with one individual taking rental income to profit from the capital gain on a property. It’s selfish and greedy. You wouldn’t, presumably, mug a pensioner at a cashpoint to finance an evening out – why do essentially the same to the younger generation where they live?
    Classic cars and other investments are different – I don’t have to have a Bugatti so can choose to ignore that market, but I do need to live somewhere, and why should a private landlord profit from that? Likewise, I can choose which supermarket to shop at, or use a food bank maybe, so that’s not a correct comparison.
    I hope that answers your two simple questions.
  • commented 2016-02-07 15:51:32 +0000
    It seems it’s my comments that have mysteriously disappeared.

    Fox Watcher, one thing we genuinely agree on is landlord quality. Some ARE shockingly bad and I hate those people as much as you do. Higher quality and lower rents are precisely what the good or professional landlords seek to provide. Standards must be higher and vigorously enforced.

    But to both you and PT, who want the immediate end of private rented property, Im still seeking answers to my two reasonable points. Where do the shorter-term renters who choose that option go? Where would you house me on my 1-year contract 200 miles from home – presumably you’ve thought about it? And how is it possible for landlords to buy every new build whilst simultaneously not contributing to the economy?!
    Also, why should it be mandatory in your eyes to have a pension that profits long term through company speculation, including builders and banks (and rentiers like British Land and Land Securities) but not one that profits long term as an individual investment? It’s ok if I make £50k over 10 years on a classic car or a painting, but not if I provide someone a quality home that they want and love?
  • commented 2016-02-07 14:56:05 +0000
    I notice that some comments are disappearing from this forum after a few minutes. Is this because of moderation or is this site buggy?
  • commented 2016-02-07 14:46:11 +0000
    By the way, James, as your memory is a little selective today, I did say in our previous discussion that I was happy to accept that you may not be making a huge profit day to day on your income from your rental empire, but that your major financial killing would be made at some future point when you sold up. Meanwhile, your tenants are financing the means necessary for you to do this. I’m sure you’re happy to be corrected – you’re very keen that people read things thoroughly after all.
  • commented 2016-02-07 14:28:20 +0000
    Well James McKindley, what can I say? Generation Rent is a bridge, pass over it, but build no house there.
  • commented 2016-02-07 14:27:24 +0000
    It breaks my heart to say this but I am sick and tired of having to listen to fat cat rentiers whinging on and on about their profit margins.

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Blog

Getting the best from Newham's renewed landlord licensing scheme

This week those campaigning for a better private rented sector received an early Christmas present with the announcement that the Communities Secretary had approved the majority of Newham's proposal for a renewed borough-wide landlord licensing scheme.

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Autumn Budget - an anticlimax for renters

The big news in today's Budget was the abolition of stamp duty for most first-time buyers. 

From today if you buy your first home you'll pay nothing to the government on the first £300,000 (unless it costs more than £500,000 and you need to be super-rich before you're in that territory).

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Life in the rental market: what the future holds for older renters

Most debates around housing focus on young adults, the drastic fall in their rate of home ownership and ways to boost the number of first time buyers.

Far less attention, however, is given to the vast numbers of renters who are already too old to get a mortgage and face a lifetime of renting instead. As more of them reach retirement age, the state will start paying more of their rent, and faces enormous costs unless it makes some fundamental changes to the housing market. Because politicians only operate with 5-year horizons, few are fretting about the implications of lifetime renting.

But we are, and today we publish a report co-authored with David Adler of Oxford University: Life in the Rental Market.

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A glimpse of Tory tenancy reform?

An intriguing exchange in the House of Commons this week may contain clues about the government's big forthcoming announcement of reforms to tenancies. 

During a debate on temporary accommodation, the backbench Conservative MP Bob Blackman said this:

The greatest cause of homelessness is the end of an assured shorthold tenancy. They usually run for six months and at the end of that period families often have to move. The solution is clear: we need longer tenancies and more security of tenure for families, but also assurances to landlords that they will get paid their rent and that the tenants will behave themselves in accordance with the contract they have signed. I ask the Minister to update us on where we are going with lengthening tenancies, which would dramatically reduce homelessness at a stroke. Perhaps we can do that.

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Insecure tenancies drag down quality of life

With home ownership unaffordable and council housing unavailable, private renters are living longer in a tenure that wasn't designed to provide long term homes. The constant threat of your landlord deciding to sell up or move back in means that you have none of the stability that a home is supposed to provide.

New polling from Survation, commissioned by us, exposes the impact this has on tenants' lives. It shows that private renters are more anxious about the security of their home and this is holding them back from investing time in their home and their local community. 

Survation.jpg

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Slowly, but surely, a letting fees ban is coming

Almost a year after Phillip Hammond announced the Government's intention to banning letting fees, we now have a draft bill before parliament.

Since that announcement, we have had a consultation on the ban, and of course a new government, but it has remained on the legislative agenda thanks to the concerted campaigning of renters across the country.

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Disrupting the market to help tenants

The internet has already shaken up the music industry, television, taxis and self-catering holidays. Investors are now looking for the next industry to disrupt with technology and property seems ripe for the picking. 

As the national voice of private renters, we agree that the property industry as it stands fails its consumers in too many ways, so things need to change. Even when we succeed in changing the law, like the forthcoming letting fees ban, we still need to ensure that it's implemented properly and the industry adapts in the right way. 

But we can't allow slick and revolutionary new services or initiatives to simply treat tenants as cash cows in the same way that many letting agents and landlords currently do. So this is what we think the market needs - and how the tenant should benefit.

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Lodgers need protection too

Where’s my deposit? It is no joking matter for nearly 300,000 tenants whose landlord has not protected their deposit.

This has left many out of pocket without a clue of how they will manage to raise another deposit - the average amount in London stands at £1040 for their next property.

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Landlord licensing works - yet the government is delaying renewal of the most successful scheme

Since the east London borough of Newham introduced mandatory borough-wide licensing of all private landlords in 2013, improvements in the sector have been indisputable. Criminal landlords are being driven out of the borough, standards and safety in the sector have improved and enforcement has dramatically increased.

Yet with the scheme due to expire on 31 December 2017, government is now more than four weeks overdue in making a decision on approval of a new, five-year scheme, to start in the new year.

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Tory conference announcements pull punches on housing crisis

At the General Election in June, Labour won a majority of the votes of the under-40s. This was a wake-up call for the Conservative Party, many of whose members are now filled with a new urgency to address this cohort's biggest concerns - including a rather large house-shaped one.

Their annual conference has duly been bursting with new housing policies, particularly for private renters. But while they are (for the most part) improvements, the proposals fail to address the urgency of the housing crisis.

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