Monday, 12 May 2014

Annual Rent-Increase Cap Is Focus of Labour Campaign Launch

A future Labour government would cap rent increases in the private sector and scrap letting fees to estate agents to give a "fairer deal" to tenants. Ed Miliband pledged to end "excessive" rent rises when he launched his party's campaign for local council and European elections. An "upper limit" on rises will be put in place based on average market rates.  The Labour leader also called for longer, securer tenancies and rental charges of up to £500 to be axed. But the Conservatives said evidence from other countries suggested rent controls lead to "poorer quality accommodation, fewer homes being rented and ultimately higher rents".  Read more on the BBC website.

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