We need all London MPs to back renters
Generation Rent is calling on London’s 73 MPs to support reforms to improve the lives of the capital’s renters. Analysis of the election results shows that 34 of them could be voted out by renters in five years’ time.
Please ask yours to meet with us.
By the next General Election in 2020, there will be enough floating voters who rent to overturn the parliamentary majority in 34 London constituencies, currently held by 13 Conservatives, 20 Labour MPs and 1 Liberal Democrat.
East Village tenants face Olympic rent rises
Over the last 18 months renters and shared owners have been enticed to live in the East Village with the promise of being part of a new, exciting community. But for almost 400 households in "80% of market rate" intermediate rent, that dream is turning sour.Read more
George Osborne pledges right to sub-let
Amid the fanfare of the Help to Buy ISA in last week's Budget, the Chancellor made another, quieter move to help renters. George Osborne pledged to legislate to stop tenants automatically being banned in their contracts from sub-letting space in their home on a short-term basis.
This move follows changes in the Deregulation Bill to allow Londoners to rent out their homes for short periods without needing planning permission - previously anyone in the capital advertising holiday lets on sites such as Airbnb was breaking the law.Read more
Controlling rents: A response to the private renting affordability crisis
Today Generation Rent has published a proposal for a flexible rent control policy, aimed first at London but applicable to anywhere where the rent is too high. Diane Abbott MP has kindly written the foreword.Read more
London needs homes, not ‘investments’
As the latest House Price Index reveals an annual increase of 19.6% in the cost of London homes, the MIPIM property fair rolls into the capital tomorrow. MIPIM is a forum focused on international investment in housing, which brings together tens of thousands of investors, property developers, politicians and landlords to discuss how best to make huge amounts of money from housing in cities across the world.Read more
London Assembly backs our Renters' Manifesto
London Assembly members voted this afternoon to back Generation Rent's Manifesto. This is a fantastic endorsement of the work we are doing from politicians in the heart of the country's housing crisis.
Two million people - a quarter of the London population - rents from a private landlord, and the unaffordability, poor conditions and insecurity of tenure are all high on the agenda. A poll from the Association of Residential Letting Agents today said that 43% of London's renters have had reservations about their landlord or letting agent on day one of their tenancy.Read more
Council gets tough on letting agents
Newham Council has claimed to be the first local authority in the country to tackle letting agents who are flouting the law.
An initiative by the council to tackle poor practice by lettings agents and protect tenants has helped to improve standards in the profession with the majority of agents now complying with the law.Read more
Half of Londoners want a house price fall
Alex Hilton (me) brandishing the Evening Standard today
The Evening Standard today splashes on an exclusive YouGov poll in which 50% of Londoners want house prices to decrease. The Housing Minister Kris Hopkins, Chancellor George Osborne and London Mayor Boris Johnson have all stated publicly that they want house price rises to continue.
With half of Britain's renters in London and the South East, these powerful politicians are increasingly at odds with the public's day to day experience of the economy. They are also ignoring warnings from the Bank of England Governor Mark Carney, who has called the current state of the housing market "the biggest single threat to the economic recovery".
Right now, politicians seem happy for a free housing market to grind down renters as long as homeowners and landlords are content, and so they have offered no real solutions. We have offered a solution. Our paper, Buying out of the Bubble, outlines how a secondary, bubble-free housing market can be developed, offering low cost housing to people willing to forego free market-level returns in capital gain or rents.
A secondary housing market would provide affordable housing for those people who just want a home, not an investment, while insulating the free market from what will otherwise become a traumatic market adjustment, with dire consequences for London's economy.
Sign up as a supporter of Generation Rent and help us win a better deal for renters.
Director, Generation Rent
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.Read more
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.Read more