Industry anger erupts at Corbyn’s pledge to introduce rent controls

The announcement was described as “a disaster for tenants” by the Residential Landlords’ Association policy director David Smith.

“History has proved that they stifle investment and reduce supply; making it much more difficult for tenants to find somewhere decent to live. Contrary to suggestions, most landlords have one or two properties, which are an investment in their pension and, rather than being wealthy landowners, they are mainly basic rate taxpayers. The private rented sector is a key part of providing more housing and has invested in providing homes for the population, putting more homes into use than other landlord types” says Smith.

“Rents are high due to the continued failures by successive governments of all stripes to build enough new homes in the right places. Instead of attacking landlords who are helping to provide homes, it would be better to treat them as part of the solution and to supplement their efforts with a sustained and well thought out building programme overseen by government” he adds,

The RLA says rent controls do not work and only serve to reduce the supply and quality of homes to let as landlords are forced out of the market and have less capital to reinvest in improving homes.

By | 2017-09-28T16:01:22+00:00 September 28th, 2017|Categories: Landlord, Lettings, Tenants|0 Comments

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