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Improving London’s private rented sector Merton Private Landlord Forum Rhona Brown, Senior Policy Officer, GLA 25 September 2013
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Introduction London’s private rented sector The Mayor’s objectives London Rental Standard project
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Background Consultation on Mayor’s plans – Dec 12-Feb 13 Responses from 80 organisations and 5,000 tenants Consultation report published last month www.london.gov.uk/housingcovenant
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Growth in private renting
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Growth in private renting - projection
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Overcrowding in the PRS
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Prices up, rents up, earnings down House prices Inflation Rents Earnings
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Families in the PRS
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Mayor’s approach
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The Mayor’s objectives New housing supply Promoting longer tenancies Improving letting agent market Tackling rogue landlords and beds in sheds Improving accreditation
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London Rental Standard Robust and realistic minimum standards All industry schemes under one roof ‘Single badge’ of accreditation
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So, where are we now? LRS steering group London Landlord Accreditation Scheme Passporting Incentives Marketing campaign
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