25th
Nov 2019
Although this has been mentioned before by the Conservatives, it has pledged to introduce a scheme for tenants to transfer deposits when moving homes, also known as 'passporting'.
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If regaining power, the party's Lifetime Deposit scheme will make it far easier and cheaper for tenants to switch their deposits from one landlord/agent to another, without being out of pocket having to wait for their deposit to be returned.
Johnson has said the scheme will “make the process of moving home easier and cheaper” for tenants.
He has also vowed to help more tenants to become home owners by changing housing laws to make it much quicker process in the construction of new sites, the party will also renew its Affordable Homes Programme which will apparently build around one million new homes by 2025.
Johnson has once again confirmed his intention of scrapping Section 21, which could cause many landlords to sell up making it more expensive for renters because of the inevitable PRS housing stock losses.
Capital Economics' latest report commissioned by a trade body, forecasts a 20% fall in private rental housing stock if landlords are unable to use Section 21s unless of course the Tories, if in power, can fast track a new scheme to help landlords quickly regain their property from tenants because of rental arrears, damage to the property and anti-social behaviour.
The report, ‘A new deal for renters? The unintended consequences of abolishing Section 21’, also forecasts that there could be a real danger of a 59% reduction of available homes for Universal Credit tenants and renters having to contend with a possible 13% rise in rents.
A spokesperson for the trade body, said: “The government has clearly failed to recognise the realities of the private rented sector by proposing the abolition of Section 21.
“Any government which thinks it appropriate to risk the loss of nearly one million rental homes at a time of housing crisis needs to reassess its priorities as a matter of urgency.”
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