While much of the lettings industry protests against Labour proposals for rent controls and three year tenancies, an influential pressure group says the reforms do not go far enough.
Generation Rent, led by Alex Hilton, says Labour’s proposal to cap rent rises at inflation for the first three years of a tenancy “doesn’t give you the ability to plan your finances – because you don’t know what the inflation rates will be over the next three years.”
Hilton, writing on the group’s website, says that Labour’s rent caps won’t actually keep rents down. “This is because they have no plans to limit rent rises between tenancies – or indeed after your first three years are up” says Hilton.
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