So kind lovely Labour have realised that renting is horrible. As I've been saying hereabouts, renting is often a hideous experience because of the inherent insecurity, lack of stability, aka no control at all.
But the wonderful Labour care about us! Hooray!
So what are their plans?
Well, best of all they will copy the tried and tested Scottish model of no letting agent fees whatsoever at all payable by tenants. Landlords can cough up – it’s their business, they reap the profits, they must cover the expenses. No problem there.
Next – no above inflation rent rises, the notable exception being current buy-to-let mortgages and that’s one heck of an exception. Then rents rises can match inflation – no higher. Where it applies that’s mostly brilliant news.
The downside is that tenants will need to be strong (if not downright tough) when negotiating their initial rental price, because owners will know they are, in the future, limited to no more than inflation matching rises. The unintended consequence could be rising rents, ramped up at the first stage to defeat the ceiling. Hmmm...
Three year tenancies – also better. But not perfect. It’s not enough, really is it? Families need decades, to be able to remain in their home (and please can start to say home and not 'the property'?) for schools, supportive family etc. The business of letting out property is not for those in it for short term gains (no matter how hard they want this to be the case.)
Owners will only be able to evict tenants for transgressions such as lengthy rent arrears and anti-social behaviour. But in these new plans, rentiers can also state they need the property for family use or intend to sell up. Details are scarce, but it's easy to sneak and weave your way out of. It's what rentiers do already. To be effective and protective, this coda must enforced, with actual evidence produced to confirm either is true.
What's more, mortgage providers must idelly be compelled to remove their blanket prohibition on renting to claimants. There is no justification; it's simple prejudice - nothing more.
My other gripe? It's obvious, but this gesture by is quite cynical. Do Labour care about tenants? Not really. They care for our votes, which hardly makes them unique for politicians - 'politicos in obvious vote-candy gesture.' It's what they do.
So here's the thing. Labour have woken up to and aim to cater for the needs of tenants. But we need more. Tenants are not supine, cowed poodles, begging desperately for tiny tit-bits of luke-warm good news.
We were a sleeping giant - a monster newly conscious of our power. Now we know now how important we are and have grasped that in many marginal seats our vote is crucial. We will bestow our favours to those who listen and help us (that is put right the many wrongs we endure.)
And those who do not help, break their promises or ignore us?
Let us down we will bite back - we will bite you hard.