Ed Miliband has announced Labour’s plan to help working people who rent privately.
The Tory government has created “Generation Rent” and now millions of people face mounting costs in an insecure rental market. Nationwide there are 11 million people – including 1.5 million families with children – renting. The number of households renting privately in Hove is 14,045.
Almost 50 per cent of private rented households are over the age of 35 and many of this group want the same security and stability they would have if they owned a home.
Parliamentary Candidate for Hove and Portslade, Peter Kyle said:
“Generation Rent are the young, families with children and middle income earners who being are priced out of the housing market in Brighton and Hove.
“I have met local people who are saving for a deposit year after year, while the dream of owning their own home seems further and further away, as well as families who have had to regularly move from one rented property to another, unable to lay down the roots for their children.
“Labour has pledged to build new homes but we will not leave Brighton and Hove’s Generation Rent behind. We want to encourage all those responsible landlords who provide decent homes for people and stable income for themselves.
“Labour’s plan is for a stable, decent, prosperous private rental market where landlords and tenants can succeed together.”
The next Labour government will introduce legislation in its first Queen’s speech to cap rents so they cannot rise by more than the rate of inflation during secure three-year tenancies; require landlords and letting agents to disclose the rent levels charged to previous tenants so that householders can negotiate the best possible deal at the start of their contract; and penalise rogue landlords by reducing buy-to-let tax relief for those who own hundreds of thousands of properties which do not meet basic standards.
Unlike the Tories’ plan, Labour’s plan is designed for the modern housing market in 2015 – not the 1980s -where pressure on working people means the housing crisis is making the dream of home ownership increasingly unaffordable with numbers of people owning their own house falling to their lowest level for 30 years.