Rent controls and abolition of MIR among Greens’ proposals – Residential Landlords Association (press release) (blog)

Rent controls and the abolition of mortgage interest relief are among proposals outlined in the Green Partys manifesto, out today.

It says the party wants to bring in these controls to introduce a living rent and more secure tenancies for all, along with mandatory licensing for PRS homes.

Other proposals included in the document include plans to:

Alan Ward, chairman of the RLA said: Rent controls do not work and reduce the supply and quality of homes. Similarly,licensingschemesmean good landlordsmust fork out for costly licences, while the criminals continue to operate.

Landlords are already struggling to cope with the reduction of mortgage interest relief (MIR) to the basic rate of 20%, with many making a loss or forced out of the market altogether.

Abolishing MIR altogether would be disastrous. There is an army of small landlords in this country providing much needed homes to rent and they should be supported, not punished.

Green by nature,these naive proposals wouldforce landlords out of business and remove homes from the market leaving tenants to struggle.

To read the full manifesto click here.

See the rest here:

Rent controls and abolition of MIR among Greens' proposals - Residential Landlords Association (press release) (blog)