Campaigners call for £200 cap on London rents

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Campaigners call for £200 cap on London rents

Thousands of campaigners have signed a petition calling for a cap on rent in London. 

More than 19,500 people have added their signatures to the document, which proposes renters don’t pay more than £200 per week. 

It also calls for the Government to clamp down on buy-to-let landlords. 

Becky Ely, who is a private tenant, started the petition eight months ago and said she wants political parties to include capping rent in their election manifestos. 

She told Wake Up London the cap will prevent young people and families being priced out of the market in London.

But the National Landlord Association said high rents are down to a housing shortage and the best solution is to build more homes in the capital. 

A spokesman said: “The private sector is the only growing part of the UK’s housing mix. Introducing artificial rent caps or controls will only scare off the much-needed investment landlords put into providing homes for renters.

“With social housing in long term decline and with previous governments having failed to incentivise or stimulate building more homes, it’s hard to imagine exactly where investment would otherwise come from.”

The National Landlords Association issued a statement, saying:
"The private sector is the only growing part of the UK’s housing mix. Introducing artificial rent caps or controls will only scare off the much needed investment landlords put into providing homes for renters."

Alex Hilton the Director, Generation Rent and David Butler CEO, Rentonomy joined Headline London to discuss the impacts on a cap on rent.

 

 

We asked our viewers for their views on this subject, ad the fairness of the cap if it were to go ahead, here’s what you had to say:
 

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