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