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Labour will end Section 21 immediately. Matthew Pennycook said yesterday (and you can read and hear him on Twitter) that: "It's now over five years since the Tories promised to scrap Section 21 no-fault evictions. Private tenants will wait for years more if the government waters down its Renters Reform Bill today. Labour will end Section 21 evictions immediately - no ifs, no buts." I assume from that that they will have an eviction ban on taking office and then modify the legislation. So there is still a complete legal mess and total lack of clarity surrounding the validity of existing and future tenancy agreements, and therefore how can landlords have the confidence to let anything!
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No S21 until courts reformed - so no change No blanket bans on children & DSS - LLs can simply choose working tenants without children Decent Homes Standard - HHHRS already should do this. Enforcement is needed not more regulation Legal right to ASK for a pet - LLs can still say no Ombudsman - well that is new! So not really the change of a lifetime tenants were promised!
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2.8 million new instructions- who wants some? While preparing a submission for the at the time unannounced CLG inquiry in PRS (CLG only told their friends) I did some number crunching in the hope of adding a positive input into a department that is seemingly bereft of any experience of the Private rented sector and almost allergic to anyone who has. I identified that a 100,000 tenancy provision by private landlords into the assisted tenancy market (pensions and benefits) was worth approaching £1 billion to landlords. One hundred thousand tenancies was a deliberately small percentage ; an easy , appropriately sized sample to make the point rather than a scientifically calculated figure. It represented about 1.4% of the middle ground between PRS and social housing that many agencies and landlords steer clear of. Subsequent research (discussion) shows that about 40% of assisted tenants are no worse at paying their rent than anyone else. Essentially what that means is that there is an additional £28 billion rental opportunity for those prepared to engage the sector. Increasing the PRS provision by up to by 70% is surely a good start in solving the housing crisis. It will obviously put a large rental income in the pocket of those who can afford to buy to rent out, it will put a large commission income in the pockets of those servicing the industry but moreover it will add the incentive to have another 2.8 million private rented sector properties available to ease the housing crisis. Obviously that will leave the remaining 60% of the sector to house but it seems reasonable that government doesn’t attempt to privatise their entire housing obligation, such schemes tend to lead to civil unrest. There will be natural envy at the rich seemingly exploiting the poor, I am not getting into the social ethics of a solution, simply suggesting how a set of government departments could set about solving issues in an industry they don’t properly understand.
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