Are Labour and London’s councils on the right track to improving the capital’s fast-growing private rented sector?
Like it or not, London is becoming more of a private renting city. As home ownership has fallen below 50%, private renting has risen to just over 25% and seems unlikely to stop. Well over two million people in the capital live in its private rented sector (PRS), ranging from mobile young professionals to families in need of long-term homes. What should be done to enhance London’s PRS for the benefit of London as a whole?
Part of the answer has to be London’s councils working to improve landlord standards. A new campaign group called Renters’ Rights London, funded by Trust for London, has named Labour-run Islington, Newham and Hackney the capital’s best among the 18 boroughs where private renters make up at least a quarter of the population. The trio scored well against ten criteria, including bringing in licensing schemes, fining lettings agents that break the law, prosecuting criminal landlords and running phone lines to give renters advice.
via Dave Hill | The Guardian http://ift.tt/1GHkgxS