Our own report sent to new high level review of the Private Rental Sector

Our own report sent to new high level review of the Private Rental Sector

11:05 AM, 29th March 2017, About 8 years ago 12

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The comprehensive report written by Dr Rosalind Beck:

Section 24 of the Finance (No. 2) Act 2015: “the unjust legislation that will make the UK housing crisis much worse.”

Has been sent to The Centre for Housing Policy at the University of York which will be carrying out a review of the PRS led by Julie Rugg and David Rhodes who were authors of, The Private Rented Sector Its Contribution and Potential. Released in 2008 this was more popularly called the Rugg Review.

Julie Rugg is considered by many in the sector to have produced balanced reports on the PRS in the past and it is hoped the above report will be taken into close consideration.

The review of the PRS in England is being funded by The Nationwide Foundation with the remit to consider broadly whether the PRS meets the needs of tenants and if the recent tax and regulatory changes coming into force will assist the sector to operate more effectively.

Along with this main review there will also be a secondary report assessing to what level the PRS the meets the housing needs of vulnerable tenants.

Member of the all party parliamentary group for Housing and Planning, Helen Hayes MP, said “it’s clear to me that while recent changes to the private rented sector have been significant, particularly around its size and the wide ranging circumstances of the tenants living in it, unfortunately these changes are not at all well understood”

“The 2008 Rugg Review work was extremely useful and well regarded, so I warmly welcome this opportunity for it to be revisited, giving politicians and policymakers an up to date and robust picture. I expect this review of the sector to pave the way for meaningful policy changes and interventions.”

Leigh Pearce, chief executive of the Nationwide Foundation commented that this report was vital with currently little agreement on what is truly happening in the PRS and with both landlords and tenants being similarly demonised.


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Gromit

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17:51 PM, 1st April 2017, About 8 years ago

Reply to the comment left by "Glenn Ackroyd" at "01/04/2017 - 10:55":

@Glenn
What you say is generally true but if a large part sector increases rents then rents will go up unless there is an over-supply of rented property, in which case they will evict/sell-up. Landlords selling up will only increase demand which will either support the higher rents demanded or push rents even higher.

I don't think affordability is an issue as the PRS is not a homogenous market. If a particular Tenant cannot afford the increased rent then he'll have to move to a property that he can afford (maybe a smaller unit or in a lower cost area).This will cascade down through the whole of the sector the problem being the people at the lowest end of the market who will have nowhere cheaper to move to. Regrettably, they'll be made homeless and have to be housed by the Local Authority (if they qualify).

Monty Bodkin

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21:13 PM, 1st April 2017, About 8 years ago

Reply to the comment left by "Glenn Ackroyd" at "01/04/2017 - 10:55":

.."there may also be fewer tenants if they are now becoming first time buyers"..

UK Population predicted to increase 4M in the next decade, most of it from net migration.
Fewer tenants? Really?
This is not a zero sum game.

(Incidentally, are you still building houses to rent, converting commercials, brownfield etc?
-'Cos I'm certainly not.)

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