Autumn Statement: My response – an opportunity missed

Agree with every word Andy Winter has written, so I’m reblogging his take on the Autumn Statement. I’d only add to it that we need to move into an era where renting becomes an affordable, desirable, long-term option in the UK, as it is in most of continental Europe. At the moment, renters bear all of the responsibility of home ownership with none of the rights or securities – and they’re very often paying a higher % of their income on keeping the rented roof over their heads than homeowners do on their mortgages.

Andy Winter's Blog

The Chancellor, Philip Hamond, presented his Autumn Statement to Parliament today (23rd November 2016). This is my instant response ….

The decision to abolish upfront letting agents’ fees is warmly welcomed. For far too long tens of thousands of renters have been ripped off by extortionate fees charged by unscrupulous letting agents. To replace these charges we need a fair deal for renters. This must include controls on charges associated with the renewal of six month assured shorthold tenancy agreements where agents levy charges for things that have not changed.

Landlords should also welcome these changes. They need to know what fees are being charged in their names, and fees that are being charged to them and to their tenants.

The announcement of £1.4 billion for ‘affordable’ housing would be welcomed if it is to be spent on homes for rent, but it appears not to be the case. Therefore…

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