Rent Caps, Rent Caps, Rent Caps

April 27, 2015

Well, over the weekend the press have been non stop mentioning the proposals or promises by Labour that if they get into power Rent Caps will be introduced along with 3 year tenancy agreements, even Politics today on TV shown on Sunday  were making a big point about it.

It appears to me the new look Miliband is going out to promise anything he thinks will win votes, he is even denying the possibilty of a deal with the SNP, can that really be believed? if it comes down to the wire and he needs the support of the SNP’s of course he will take it.

Really though have they thought through this whole scenario of rent caps on properties and the 3 year tenancy agreement, on the face of it having rent caps especially in London where rents are at their highest in proportion to income would appear a good policy, but it has come far too late. Why did the previous Labour Government who presided over a booming housing market not put such a policy in place then, it would have made sense, this is a vote catcher which in reality means nothing.

Landlords as I see it according to the Labour proposal will be able to fix a new rent  to a new tenant that will then be capped according to inflation, how on earth are they going to control such a policy, with a strong new build policy along with help to home buyers and good Social Housing policies to deal with the housing shortage, then  rents in the private sector would self regulate according to market conditions.

It was reported over the weekend that a left-wing lobby group, named Generation Rent warned that Ed Miliband’s plans for rent controls are open to abuse by unscrupulous Landlords, it could all result in very vunerable people being evicted from their homes.

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Overseas Property

Why 2026 is the Best Year to Invest in Dominican Republic Land

If you’re eyeing Caribbean real estate, 2026 offers an exceptional window to invest in Dominican Republic land. The country has emerged as the fastest-growing Caribbean economy, creating ideal conditions for land investors. Tax incentives, infrastructure projects, and rising international interest are converging at just the right moment. Whether you’re searching for beach land for sale…
Read More →
Breaking News

Property expert on how to bag the BEST mortgage deal in today’s market

Finding a good mortgage deal in today’s market demands more than just comparing rates. While the average 2-year and 5-year fixed mortgage rates have gone down this year, they’re still higher than rates pre-pandemic. This means those in their current homes will have to pay more than they once were each month, and new buyers…
Read More →
Breaking News

Halloween Named the UK’s Most Popular Moving Day of 2025

Halloween was the most popular day to move house in 2025, breaking the long-standing trend of summer being the busiest time for home moves. We analysed the data and spoke to industry experts to understand why the peak moving day has shifted and why it fell on an international holiday.  Compare My Move reviewed more than 170,000 house moves made in 2025 and…
Read More →
for sale sign london
Breaking News

Industry Response to Halifax House Price Index

Industry response to the Halifax House Price Index December 2025 The latest index shows that: – On a monthly basis, house prices fell by 0.6% between November and December of last year. Annually, house prices were up 0.3% versus this time last year, although this annual rate of growth had slowed from 0.7% the previous…
Read More →
Breaking News

Halifax House Price Index December 2025

House prices in December 2025 were 0.3% higher compared to the same month a year earlier. UK house prices dipped in December • House prices dipped by -0.6% in December, following a -0.1% fall in November • Average property price is now £297,755, the lowest since June • Annual growth slowed to +0.3%, down from…
Read More →
Breaking News

Homebuyer demand returns following Autumn Budget

New research from Property DriveBuy reveals that Bristol, Tyne & Wear, and South Yorkshire emerged as the UK’s most in-demand areas of the housing market following the Autumn Budget, with as many as 61% of homes listed for sale successfully securing a buyer in Q4 2025. Property Drivebuy analysed residential listings data across the nation…
Read More →