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
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.Read more
There is one year until the 2015 General Election and housing will be a central issue. We are deep in a housing crisis and radical action will be needed, whoever is in government once the votes are counted.Read more
We've had a number of requests to publish the list of how MPs voted in the failed bid to outlaw letting agent fees to tenants. You can see the full list here.
This campaign isn't dead though. We'll be working with enlightened Peers to bring this back in the Lords. Unlike MPs, Lords don't get their letting agent fees paid on expenses so we're expecting more support.
The Government yesterday backed letting agents over renters by refusing to ban fees to tenants. In voting on the Consumer Rights Bill, Conservative and LibDem whips defeated the ban 281 to 228. The Government instead promised new fines for agents who don’t publish their fee tariff.Read more
On Tuesday 13th May MPs will be voting on an amendment to the Consumer Rights Bill that will ban letting agent fees to tenants.
Please sign up to our campaign here and use the form below to write to your MP asking them to back this amendment. You can edit the text of the draft letter below if you like. Just click on it to edit.
Supply and demand.
Oh you wanted more than that? Ok.
There is short supply and high demand for homes to rent. The balance between these forms a price that a tenant is willing to pay a landlord. So far not controversial.
However, that is not how the relationship between tenant and agent is characterised. At the time of signing a contract, the agent is the gatekeeper to a single home with any number of keen tenants. The agent is not an actor in the market for homes to rent but a creator of micro-monopolies for single homes.Read more
Private renters could hold the deciding vote in 86 parliamentary seats at next year’s General Election. That’s the big finding of analysis based on our ComRes poll that we have published today.Read more
Earlier this year, Ed Miliband set out proposals for Labour’s housing policy when in power. On the face of it, his plans are generally positive and certainly a step forward for renters. Writing in the Evening Standard and focusing on London, he called for a national register of landlords and the regulation of letting agents – both policies that chime with Generation Rent’s belief that these sectors need minimum standards of management and more transparency for tenants. Of course, we await the exact details of these policies, which would require enforcement powers and resources to ensure that they were effective.Read more