Generation Rent

With one week until voter registration closes, we've estimated that more than three million private renters in England are at risk of losing their vote at the General Election.

1.8m private renters have moved home since the 2016 Referendum and must therefore register again. Private renters are typically on tenancy agreements of no longer than 12 months and are six times more likely to move in a given year than homeowners.

The steam train. The vaccine. The television. The World Wide Web. The tenancy renewal fee.

What connects them all? Each one is an incredibly successful British invention.

Yes, we may no longer have the manufacturing prowess that once sustained all corners of the country, but a certain group of entrepreneurs have exerted their creative minds to produce the £250 photocopy, and are currently raking it in.

Theresa May has broken her word. She ruled out a snap election five times, then called one.

Our question is: what other promises is she going to tear up?

The government is consulting now on proposals to ban letting fees, and the deadline of 2 June is a week before polling day.

For four and a half months we've been waiting with bated breath for the government's proposals to ban fees, and today they were unveiled as the government finally launched its consultation.

The policy is no half-measure - tenants will not have to pay fees in connection with their tenancy outside of rent, refundable deposit, holding deposit and extra services they require during the course of the tenancy (e.g. replacing lost keys).

Last night, Generation Rent was handed the Housing and Homelessness Award at the 2017 Sheila McKechnie Foundation awards in London.

The award was in recognition of our work in the past year to mobilise renters as a political force, which culminated in the government’s announcement of a ban on letting fees in November.

We are pleased to welcome four new trustees who have joined the Generation Rent board since the start of the year.

Daniel Bentley, Sean Cosgrove, Betsy Dillner and Hannah Williams bring with them decades of experience in political communications, financial management, movement building and business development.

When you mention the housing crisis, people tend to think of London and of campaign groups like Focus E15. There is good reason for this - the capital has experienced the worst excesses of the housing crisis, and the pushback there has been among the most dynamic in the country. Yet London is not alone in having a housing crisis, and in recent years the effects of a dysfunctional housing system have been making themselves felt in Greater Manchester.

This week Trust for London, in conjunction with Loughborough University, published their latest report on a Minimum Income Standard (MIS) for London - with figures updated from their first report in 2015, and with a focus in this research on families.

The MIS compares costs between London and the rest of the UK to show the difference between the minimum needed for an acceptable standard of living - with that minimum based on a list of goods discussed and agreed upon by the public.

We can draw many conclusions from the report, and though it should surprise no one that the cost of housing is a major differential between London and the rest of the UK, the research shows that the rising cost of private rents in the lower end of the market stops a large number of households achieving the MIS.

Ben Yarrow is Founder of Marks Out Of Tenancy. For more useful websites for renters, visit our resources page.

Ask anyone who’s renting, everyone’s got a story to share. Whether it’s good, bad or just plain ugly; every renter has had their own experience with a landlord or a letting agent that can give us insight into what can be expected as a potential tenant of theirs.    

Now, while it can be fun to wax lyrical about rental horror stories, we wanted to figure out how this exchange of experiences could be harnessed to the benefit of generation rent - so we created Marks out of Tenancy.

Just 62.9% of England's population owns their home - the lowest proportion since 1985. And the private rented population now stands at 4.5m households, up on last year and bigger than in 1961, when slum landlords like Peter Rachman were making tenants' lives a misery.

These are the big findings of the English Housing Survey Headline Report, the first of two releases of the government-commissioned survey for 2015-16. 

At this rate, there will be more private renters than mortgage holders in just five years' time. It's already the largest tenure in London.