This morning we have published six more areas on www.lettingfees.co.uk – Manchester, York, and four more London boroughs – Bromley, Camden, Lambeth and Wandsworth.
Flathunters in those areas can check to see which letting agents are charging the least, and which charge the most. These areas join four already in London, and bring the total number of letting agents covered by our website past 700.Read more
The Conservative candidate for London Mayor, Zac Goldsmith, has published his housing manifesto, and we've updated the Vote Homes policy grid with his offer for London's renters.
As the candidate of the governing party in Westminster, it was always going to be interesting to see if he would go any further than current government policy. One of the biggest divides between the Conservatives and the other parties is on security of tenure, and it's safe to say that Zac has stuck his neck out on this, though we're yet to be convinced that renters will benefit from his proposal.Read more
More than a hundred people came to the Renters’ Hustings on Tuesday to hear candidates from five parties tell us what they’ll do for private renters if they’re elected as London Mayor or Assembly Member – a lively discussion chaired brilliantly by Buzzfeed’s Jim Waterson. All five candidates (Sian Berry: Green, Tom Copley: Labour, Joy Morrissey: Conservative, Zack Polanski: Lib Dem and David Kurten: UKIP) said they are private renters themselves, so perhaps they know how, er, ‘special’ it is trying to survive as a private renter in this city.
The London housing crisis is taking its toll on families in the capital as they move to other parts of the UK in ever greater numbers. The net number of thirtysomethings and under-10s leaving the city has increased by 25% between 2012 and 2014 according to figures from the Office for National Statistics.
We have always seen more people in these age brackets move away from London than move there, but the difference is getting bigger. In the same two-year period, rents and house prices rose three times as fast in London as the rest of Britain.
The Labour Party’s Independent Review of Retirement Income (IRRI) has suggested that workers should be aiming to save 15% of their salary into the pension each month, according to a BBC report.
The other week, in an FT piece that went viral, Rebecca Taylor, director at the Chartered Institute for Securities and Investments, said that 25-year-olds should be aiming to pay an average of £800 a month into their pension for the next forty years. Now this is an average: less now can be balanced out by paying more later. But the message is clear: start now.Read more
The government wants to eliminate Generation Rent. I think they're talking about the demographic group, rather than our organisation. They want to replace us with Generation Buy. How cute.
Sadly, their plans so far will do nothing to reverse the growth of renting and will exacerbate the rising level of inequality between people who own their homes and those who don't.
The government's flagship policy is Starter Homes. The scheme will help 200,000 private renter households into home ownership with a 20% discount on the market price of a new home. The trouble is, if you're not in one of the lucky 200,000 - that's 4 million - you won't get a discount. You also won't get to share £26.8bn of profits when you sell your starter home - read our analysis here.