LETTINGS NEWS: Labour at risk of alienating landlords
The Labour party declared its intention to give local councils the power to ban buy-to-let investors from buying new homes should it win next year’s general election. And now a pressure group, Civitas (Institute for the Study of Civil Society) wants the Party to extend its policy to effectively ban landlords from purchasing existing properties, as well as new ones, in designated areas. Daniel Bentley, director of communications at Civitas claims that buy to let only accounts for one in ten loans for new build properties in any event and says that if Labour is serious in its intention to maximise the number of owner-occupiers, it will need to extend the restriction to cover all homes.
Labour’s hardening attitude to the private rented sector is likely to be a recurring theme in the build up to the general election. It has already announced policies to introduce rent controls, mandatory longer-term tenancies, restrictions on tenant evictions and a compulsory register of landlords.