Friday, 26 July 2013

Rent Control - The Missing Words That Could Fix the Housing Crisis

Nine million people now pay rent to private landlords in the UK after the reckless expansion of the buy-to-let market, with too many stuck in expensive, substandard homes and desperately insecure tenancies. The sheer number of recommendations for sweeping reform in a House of Commons select committee report is itself testament to just how deep the problems are in this sector.  Letting agents should face far tougher rules, says the committee. The worst should be banned. Tenants need to be protected from the appalling rise in letting agency fees, with the committee proposing that adverts for properties reveal every add-on fee. Councils should have new powers to weed out rogue landlords who soak up billions from housing benefit but leave their tenants in dirty, damp and overcrowded homes.  But two words are conspicuously absent from the long list of recommendations: rent control.  Read more on the Guardian website.

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