Does the Government's housing white paper affect landlords?
Wednesday 08 February 2017
The government white paper which pledges to fix the ‘broken housing market’ offers nothing new, say industry experts.
The long-awaited 104 page document contains no new initiatives that will impact on private residential landlords.
The government has expressed a desire to make tenancies ‘more family-friendly’ by introducing longer-term tenancies.
But at this stage, the white paper suggests longer term tenancies should be applied only among homes delivered by housing associations and institutional investors.
It said: "We are working to encourage longer-term tenancies in private rental homes delivered by housing associations and institutional investors.
"We will be speaking to the Local Government Housing Association about local authorities’ appetite to do the same, where they are delivering market private rented housing through local housing companies."
Secretary of State Sajid Javid said: ‘"People want a decent home to buy or a decent home to rent, it’s a choice for them, we should be helping both types of tenancies."
Shadow Secretary of State for Housing John Healey called the paper ‘feeble’ and added: "We were promised a white paper; we’ve got a white flag."
Tough new tax rules for landlords don’t look likely to be reversed, and the government is considering mandatory electrical checks for rented properties and client money protection for letting agents.
James Davis, chief executive of online lettings agency Upad, said: "The Government’s continued clamp down on landlords is only going to emphasise the issue that there is too much demand to meet supply, as people live longer in rented accommodation."
Simon Gerrard, past president of the National Association of Estate Agents, said the Government was 'good at producing soundbites, but not realistic solutions.'
He added the proposals demonstrated a lack of understanding of the market and what is required to fix it.
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