Thursday, 8 May 2014

David Cameron refused to act on rents. Tories have abandoned Generation Rent.

Labour’s bold reforms to renting will help millions of households caught in the cost of living crisis

The Tory-led government refuses to do anything about the biggest housing crisis in a generation. Their record is shocking with house building now at the lowest level since the 1920s.

I’ve spoken to many people in Haslingden and Hyndburn who have all but given up on their dreams of ever owning their own home, leaving them with renting as their only available option. Renters in Haslingden and Hyndburn are now paying on average £396 a year more in rent than they did in 2010. They face rip-off charges by letting agents, unpredictable jumps in their rent and insecure tenancies.

That’s why the next Labour Government will reform the private rented sector. We will change the law to make three-year tenancies the norm and protect against excessive rent increases, giving tenants the stability they deserve. Labour will also take action to ban unfair letting agents’ fees for tenants, saving renters an average of £350 in costs. This could make a huge difference to people in our area.

The private rental market has changed and now the law has to catch up. We won’t get the change we need under the Tories. Only Labour will improve the private rented sector to end the unfairness and make it work for working people in Haslingden and Hyndburn.

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By refusing to act on rents David Cameron has given up on the 9 million people who are part of Generation Rent. Cameron at PMQs responded to Ed Milibands policy announcement by talking about 'rent controls', it's clear he hasn't grasped what Labour Party is proposing and why it matters to 9m people. 

We are building less than half the number of homes we need to keep up with demand

9 million people now rent privately including over 1.3 million families with children. Under Cameron house building is at its lowest peacetime level since the 1920s.

Labour will introduce legislation to make 3 year tenancies with predicable rents the norm and ban letting agents' fees for tenants, saving families up to £500 in upfront fees

This will create a more stable and secure rental market which works for both renters and landlords.

It is unacceptable that people in Haslingden and Hyndburn privately renting have no secure future for themselves or their future. Unsure about schooling, unsure about rents, unsure about whom their neighbours might be, unsure whether they will remain in their neighbourhood.

Private renting has become a huge issue for our country and I am not surprised Ed Miliband has broken away from the political establishment in his desire to tackle this issue. None of the other three parties including UKIP want to talk about this issue.