Hannah Fearn recently focused on the Residental Landlords’ Association’s call to politicians to back regulations they feel will increase properties and raise standards in the PRS. All parties are urged in this election year to support this sector which the RLA feels has the potential to become ‘a first choice for those seeking a place to live’. Hannah points out that far from making an active ‘choice’ about their tenure, private renters of 2015 feel ‘trapped’ and optionless.
She’s right.Read more
An exclusive poll for tenants’ campaign Generation Rent published today shows that Britain overwhelmingly backs the return of rent controls. The poll by Survation of 1,009 people on 18th and 19th December shows that 59% of people back rent controls and only 6.8% of people oppose them. 34% had no opinion. That’s one person opposing the measure for every 9 people who support it.Read more
A new national database, naming private landlords who have been convicted of safety breaches has been created by our friends over at Environmental Health News, the magazine of the Chartered Institute for Environmental Health’s magazine. This follows a ruling by the information commissioner that the Ministry of Justice must release its list of property firm convicted under the Housing Act 2004 – initially the MOJ refused.Read more
We want to tell you about an amazing job opportunity for a Programme Manager that has just come up over at our friends, the National Community Land Trust Network.Read more
Today the ONS released its latest House Price Index, showing UK house price inflation to the end of October 2014. Really, not much has changed. Whilst inflation has slowed a miniscule amount, falling from 12.1% in the year to September to 10.4% in the year to October, this is still a worryingly high figure for those struggling to buy their first home. Indeed, once seasonal adjustments have been taken into account, inflation has actually risen by 0.1%.Read more
Our friends at Splittable have launched a new free tool for renters – CEO Nick Katz explainsRead more
Rising Rents & Increased Homelessness
Today there have been a range of statistics released on the private rented sector, mortgage lending and homelessness which confirm a fairly gloomy picture for those stuck privately renting.Read more
George Osborne's final Autumn Statement before the General Election has been trailed across the media since Sunday, including announcements about housebuilding as part of the National Infrastructure Plan. A lot of this - including the garden city in Bicester - is fairly old news, but it's interesting that the government is planning to get directly involved in building houses - 10,000 of them just outside Cambridge.
The Treasury might want to use this as an opportunity to try out Generation Rent's proposed model of a bubble-free housing market - we estimate that it would cost £1bn to build 10,000 homes, sell them at little over cost-price and plough the proceeds into another 10,000 home project. Those new houses would be shielded from any above-inflation price rises.
When it came to the Statement itself, earlier this afternoon, Osborne had very little to offer those who want cheaper housing. His big announcement, which is bound to dominate tomorrow's front pages, was the reform of stamp duty.