Labour’s Policies Put Housing Investment at Risk and Lack Crucial Detail

Outlined by Ed Miliband, Labour’s reforms to the private rented sector would introduce three year tenancies, enforce a ban on letting agent fees and impose a ceiling on rent increases.  However, responding to Miliband, the British Property Federation  (BPF) said his proposals lack crucial detail and also risk investment in housing, especially institutional investors.  Ian Fletcher, the BPF’s director of policy said: “Those who are investing already are very receptive to offering longer tenancies and many are doing so and the Labour Party’s aspiration on that is not objectionable, but the rent control aspect of this announcement makes no sense.”  Read more on the BPF website.