The Residential Landlords Association (RLA) is calling on Theresa May’s new government to back private landlords, rather than institutional investors, to help provide the homes that the private rented sector (PRS) so desperately needs.
The call follows a new House of Lords report published today which warns that corporate investors are failing to provide the homes to rent the country requires.
The report also suggests that MPs “should not overlook the role the existing housing stock plays”.
The RLA wants to see the new government do more to encourage private investment in the buy-to-let sector, rather than deter investment through unattractive tax and planning regulations.
“This report confirms everything we’ve known. Corporate investors are simply failing to develop the new homes to rent we need,” said Alan Ward, chairman of the RLA.
He added: “The vast majority of landlords are individuals, renting out just a few properties. With the right planning and tax policies, they are ideally placed to invest in new homes to rent and to make better use of the country’s existing housing stock, including converting large properties into more useable smaller units of accommodation.”