Improving London’s private rented sector Merton Private Landlord Forum Rhona Brown, Senior Policy Officer, GLA 25 September 2013.

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Presentation transcript:

Improving London’s private rented sector Merton Private Landlord Forum Rhona Brown, Senior Policy Officer, GLA 25 September 2013

Introduction London’s private rented sector The Mayor’s objectives London Rental Standard project

Background Consultation on Mayor’s plans – Dec 12-Feb 13 Responses from 80 organisations and 5,000 tenants Consultation report published last month

Growth in private renting

Growth in private renting - projection

Overcrowding in the PRS

Prices up, rents up, earnings down House prices Inflation Rents Earnings

Families in the PRS

Mayor’s approach

The Mayor’s objectives New housing supply Promoting longer tenancies Improving letting agent market Tackling rogue landlords and beds in sheds Improving accreditation

London Rental Standard Robust and realistic minimum standards All industry schemes under one roof ‘Single badge’ of accreditation

So, where are we now? LRS steering group London Landlord Accreditation Scheme Passporting Incentives Marketing campaign