I’ve spoken to many young people in Chingford and Woodford Green, who have all but given up on their dreams of ever owning their own homes. While the flexibility of renting may suit some, others have been forced into the private rented sector as the only available option.
That's why I'm very pleased to see the action Stella Creasy and Labour Councillors have taken in licensing private landlords in the borough and why I attended the recent local Housing Awards, to hear more from those suffering at the hands of the unfair rental market
Renters in London, are now paying on average £2,857 a year more in rent than they did in 2010. They face rip-off charges by letting agents, unpredictable jumps in their rent and insecure tenancies.
Despite paying more, renters also have to put up with poor standards with a third of homes in the private rented sector failing to meet the decent homes standard, more than any other tenure. The PRS also has the highest proportion of the very worst properties in terms of energy efficiency and the highest levels of fuel poverty.
These problems affect too many people. That’s why we need to take action to reform the private rented sector so tenants and landlords can both get a fair deal.
The next Labour government will change the law to make three-year tenancies the norm and protect against excessive rent increases to give tenants the stability they deserve. And also take action to ban unfair letting agents’ fees for tenants, saving renters an average of £350 in costs each time they move – and £624 for the average renter over the Parliament.
That’s why I welcome the news that Waltham Forest Council will be imposing licences on private landlords. Also, a Labour Government will give private renters a fairer deal by bringing in 3-year stable tenancies, predictable rents to stop excessive rises and banning unfair letting agent fees on tenants. We’ll also drive up standards and bring an end to cold homes.
I recently attended a local ‘Housing Awards event’ organised by Walthamstow Labour MP Stella Creasy. At the event I heard from hard working families who lived in the borough all their lives, who were on the verge of breakdowns because of unfair landlords. A national Labour government together a local Labour council will aim to bring this under control.
The private rental market has changed and now the law has to as well. We won’t get the change we need under the Tories. Only Labour will improve the private rented sector to end the unfairness and make it work for working people in Chingford and Woodford Green.