Home > News > Labour drops tenant ‘right to buy’ plans ahead of election | Plaza Estates London
Tenant ‘right to buy’ plans

Labour drops tenant ‘right to buy’ plans ahead of election

By Eitan Fox  //  Mon 25th November 2019
It is believed the party had a change of heart because of fears that the policy would be unworkable; a change which was welcomed by the National Landlords Association (NLA).
Labour has dropped a controversial policy, which would have given long-term tenants the ‘right to buy’ their rental homes at discounted prices.

The aim of the policy was to redress problems some tenants experience, such as landlords refusing to invest in properties.

It is believed the party had a change of heart because of fears that the policy would be unworkable; a change which was welcomed by the National Landlords Association (NLA).

Chris Norris, from the NLA, said: “To suggest that private landlords should be selling their properties to their tenants at a below market rate arbitrarily set by politicians is ludicrous. Landlords had to pay market rates themselves. It’s only right that, if and when they decide to sell it, they can do so at market rates.

“If Labour does indeed wish to fix the housing crisis, they should focus on encouraging the government to build more social housing, which is what the housing sector is lacking.”

Meanwhile, housing issues are not tenants’ biggest priority in the coming election, according to a poll by the NLA. The issues of greatest concern for tenants are Brexit and climate change followed by education. Housing was ranked fourth, followed by immigration, the NHS, police and crime.

The study also found that most tenants enjoy a positive relationship with their landlords, with only 3% of those surveyed saying they were “not confident” in their landlord or agent’s professionalism.

Richard Lambert, chief executive of the NLA, said: “When tenants go to the ballot box to cast their vote next month, housing won’t be top of their agenda. That’s because, as the survey we commissioned reveals, the majority of tenants are perfectly happy with their rental property and perfectly happy with their landlord.”

Read more about tenant right to buy and the NLA survey on the Landlord Today website.

Offices at

Marble Arch
29 Edgware Road
London
W2 2JE
f: 020-7258-3090
Knightsbridge
34 Beauchamp Place
London
SW3 1NU
f: 020-7581-7005