The Residential Landlords Association (RLA) has launched its London Mayoral Manifesto, setting out its hopes for the private rental sector under the new mayor of London.
The Landlords4London document details what the RLA believes to be priorities for the successful London mayoral candidate in regard to supporting the private rental sector.
RLA Launches its London Mayoral Manifesto for the Private Rental Sector
The RLA is discouraging rent controls, encouraging better enforcement of current legislation, boosting supply, introducing flexible tenancies and addressing the buy-to-leave trend.
The organisation will be following the campaign trail across London ahead of the mayoral election on 5th May. It will lobby the candidates on the issues contained within the document.
It opposes rent controls on the basis that they will limit the supply and quality of private rental housing, and is encouraging the successful candidate to look at enforcing existing legislation more effectively to tackle rogue landlords, rather than introducing new regulations.
The RLA also wants the new mayor to commit to encouraging investment in the private rental sector, as well as introducing flexible tenancies and cracking down on the buy-to-leave trend, which puts added strain on London’s housing market.
The Chairman of the RLA, Alan Ward, says: “The private rented sector is a vital provider of housing in the capital, with a huge shortfall in the social housing offer and spiralling house prices.
“After the hammering buy-to-let landlords have taken at the hands of the Chancellor, we want the successful mayoral candidate to recognise the essential role these landlords play in tackling London’s housing crisis.”1
The RLA’s full manifesto document can be found here: http://www.rla.org.uk/landlord/lobbying/elections/london-mayoral-election-2016.shtml
We will continue to keep you updated with all the latest information for landlords and changes to the London housing market.