Jump to content
House Price Crash Forum
Sign in to follow this  
fru-gal

Council Considers Rent Cap Scheme For Private Landlords

Recommended Posts

http://www.insidehousing.co.uk/finance/council-considers-rent-cap-scheme-for-private-landlords/7004487.article

London School of Economics to examine a council’s proposals for rent control

Camden Council is considering introducing a form of ‘rent control’ to try to help it manage the spiralling cost of private housing in the borough.

The north London council has commissioned the London School of Economics (LSE) to examine how the authority could ‘stabilise’ rapidly increasing private sector rents.

The Labour-led authority is considering offering financial incentives to private landlords that agree to cap rent increases in line with inflation.

Julian Fulbrook, Camden’s cabinet member for housing, said the council was interested in ‘testing out’ the idea of rent stabilisation ‘in partnership’ with private landlords.

He suggested that LSE’s report would consider offering private landlords loans for capital repairs to encourage them to sign up to the council’s rent stabilisation scheme.

‘We have to think hard about [landlords’] carrots, as well as the sticks,’ he added.

It is understood that other boroughs have been discussing similar schemes and there have been talks with umbrella organisation London Councils about Camden’s proposal.

In April, Labour leader Ed Miliband unveiled his party’s proposals to cap rent increases and introduce mandatory three-year tenancies in the private sector.

The LSE report, which is expected to be published this autumn, will also examine how private landlords can be encouraged to offer longer-term lets to give families and older tenants more security in the private sector.

Alan Ward, chair of the Residential Landlord Association, which represents 17,000 private landlords, said the proposals would lead to fewer homes being rented out and would damage the property

Edited by fru-gal

Share this post


Link to post
Share on other sites

If in the unlikely event it made any difference, wouldnt they just end up with 'refugees' from neighbouring LAs?

And of course, being leftists, they can never turn away 'refugees' or accept the reality there simply isnt more housing.

Oops.

Share this post


Link to post
Share on other sites

The Labour-led authority is considering offering financial incentives to private landlords that agree to cap rent increases in line with inflation.

New financial incentives: when the housing benefit isn't enough.

jiFfM.jpg

Share this post


Link to post
Share on other sites

Golly, who will pay for those financial incentives?

I hope it's not taxpayers from outside their area. But of course in the medium term it will be, as more public money pushes costs ever further out of reach of a mere city banker.

Share this post


Link to post
Share on other sites

If rents were controlled (possibly a good idea in theory to halt hpi) in reality landlords would start to charge transfer fees, whether openlyor otherwise. Yes, you CAN rent this zone 2 house for just 120 a week, but the option to do this will cost you 12k.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   218 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.