Get your MP to back renters
It was announced on Thursday that the House of Commons will be debating the Private Renting Sector next Wednesday 25th June from about 12.30-5pm.
There are over 9 million private renters in Britain increasingly getting a rough deal from landlords and letting agents. We’d like you write to your MP asking them to back our renters’ manifesto to create a fair and sustainable rental market for both tenants and landlords.
We’re also calling for a secondary, bubble-free housing market for those people who just want to buy or rent a home for a reasonable cost rather than an investment at a high cost.
MPs sold on our manifesto policies
On Tuesday evening we marked the launch of the Renters’ Manifesto with a reception in Westminster. We were honoured to have both Labour’s Shadow Housing Minister, Emma Reynolds, and Cambridge’s Liberal Democrat MP, Julian Huppert, speak at the event and set out their priorities for reforming private renting.
Emma Reynolds MP and Julian Huppert MP address the Generation Rent launch reception
Buying out of the bubble
This week we published our renters’ manifesto, a portfolio of reforms that will end the exploitation of tenants while ensuring a fair and sustainable market for landlords.
But the cause of the problems in the private rented sector often track back to the limited supply compared to the demand for homes and the effect this has on rental prices.
Generation Rent launches Renters' Manifesto today
Generation Rent has today challenged politicians to offer the electorate ambitious solutions to fix the housing crisis, as we launch our Renters’ Manifesto.
In the manifesto, which follows a public consultation, Generation Rent proposes:
- Reform of the private rental market, which currently fails the millions of renters now stuck there, with the right to a five-year tenancy and professionalization of landlords and letting agents.
- A new housing market that allows buyers to opt-out of rising house prices in return for a lower initial price.
- A new department with a remit to fix the housing crisis and save the taxpayer billions.
Nine million people in England – or nearly 4 million households – rent from a private landlord. Generation Rent has found that this figure has increased by an average of 180,000 households per year over the past decade as home ownership has fallen out of reach for more people. While mortgages for first time buyers were up by 50,000 in 2013 to 268,800 this is unlikely to reverse the long term growth of renting, especially with new rules that make it more difficult to get a mortgage and competition for houses from pensioners who will be free to use savings to invest in buy-to-let.
There are enough private renters with no party allegiance to overturn the majority in 86 constituencies at next year’s General Election. This Manifesto offers political parties policies that will help them win over this newly important electorate.
£5 million spent on renting MPs' second homes
Are garden cities the answer to the housing crisis?
Next year’s General Election will be decided by generation rent. There are 86 seats with enough private renters without party allegiance to overturn the incumbent MP’s majority, so every party should be courting their vote. After Labour’s pitch on rent reforms, the Coalition parties have used the Queen’s Speech to respond with their own grand plan: garden cities, and legislation to reform planning laws to bring them about.
The housing crisis is splitting the country in two
The number of houses being left empty has increased by 25% in the past decade - and so has the number of households with 6 or more people. That's according to the Office for National Statistics, which has published analysis of household composition data from the 2011 census.
It's already well-documented that private renting has risen as fewer people are able to afford to buy a house, but these two statistics are a stark illustration of the growing inequality in British society as a result of the broken housing market. The 3 million-plus people crammed into the 543,000 households of 6 or more would be a bit annoyed to know that there are over 1 million homes around the country that are going spare.
Boris' Rental Standard may not help a single tenant
Today (Wednesday 28th May) in Haringey, London Mayor Boris Johnson launches his refreshed London Rental Standard, an accreditation scheme for landlords. We're not impressed and doubt this scheme will help one single tenant.
Deposit schemes fail to close rip-off loophole
The three tenancy deposit protection schemes have rejected our calls to close a loophole that enables rogue landlords to abscond with their tenants’ money.
Seb and I met the three government-backed schemes – MyDeposits, the Deposit Protection Service and the Tenancy Deposit Scheme – earlier this month to propose changes to prevent tenants’ money becoming unprotected should their landlord or letting agent be expelled from a scheme.
7 mistakes to avoid when renting a new home
The housing market is always changing and expanding, and more people are now renting privately than ever. However, with the increase in demand comes an increase in the amount of letting agents who are willing to try and get as much money as they can.
Mark Carney and how the house price boom could scupper the economy
Bank of England Governor Mark Carney's warning this week that the housing market represents the principle threat to the economic recovery created a media shock, but little response from those in power. This displays a lack of understanding at senior levels of the scale and immediacy of this threat.
No let-up for house price inflation
House prices continue to outpace wages. Hot on the heels of Mark Carney's interview with Sky News and David Cameron's interview on this morning's Today Programme, the Office for National Statistics published its House Price Index, which confirmed that there’s no let-up for first time buyers, who are facing double-digit inflation and stagnant wages.