Labours 12 Point Plan for the Rental Market

The Property Nomads Podcast

Rob delves into the Labour Party's plans for the rental market, discussing 12 key policies that could potentially impact landlords and tenants. He covers a range of topics, including the abolition of Section 21 evictions, increasing tenant protections, introducing rent caps, implementing AWAB's law for hazard fixes, and setting new energy efficiency standards.

KEY TAKEAWAYS

• Abolishing Section 21 evictions could have pros and cons, affecting landlords and tenants.
• Implementing rent caps and banning rental bidding wars may suppress the free market.
• Strengthening energy efficiency standards and removing the mandate to replace gas boilers by 2030 are part of Labour's plans.
• Building 1.5 million new homes and introducing stable tax rates are also on the agenda.
• Strengthening local councils' enforcement powers could impact both private and social housing landlords.

BEST MOMENTS

"Getting rid of section 21, we're against it, we don't think it's a good idea because the court system, the court process at the moment is very very slow."

"Banning rental bidding, again, doesn't make sense. It's shooting people in the foot, because again, you're suppressing the free market."

"The fact that gas boilers will still be around and about is a very good thing because we're already seeing a lot of people with fuel poverty."

"I do think the idea is good, but you need to have accountability across the board. Because what I'm seeing is it seems to be one rule for private landlords, yet it's a different rule for social housing landlords."

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