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The London Rental Standard Greater London Authority South West London Housing Partnership Conference July 2014
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Introduction London’s private rented sector The Mayor’s objectives The London Rental Standard
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Growth in private renting - projection
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Prices up, rents up, earnings down
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Families in the PRS
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The Mayor’s objectives for the PRS Increase supply Promote longer tenancies Improve standards through accreditation (100k) Tackle rogue landlords and beds in sheds Oppose new regulation and rent controls
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Background Consultation on Mayor’s plans Dec 2012 Responses from 80 organisations and 5,000 tenants LRS published Jul 2013 Full launch Spring 2014 www.london.gov.uk/housingcovenant
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London Rental Standard Robust and realistic minimum standards Affordable and attainable All industry schemes under one roof ‘Single badge’ of accreditation
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London Rental Standard launch 28 th May
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London Rental Standard Marketing campaign
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How does it work? LRS steering group - Processes and policy 7 Approved LRS providers -NLA, LLAS, RLA – ARLA, NALS, UKALA, RICS LRS licensing officer - based at LB Camden Marketing campaign - tube posters, press and digital marketing in 2 phases Commercial sponsors - Endsleigh Insurance and mydeposits offering financial incentives to Landlords
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The future?
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To find out more visit www.london.gov.uk/landlords Rhona Brown Senior Housing Policy Officer Greater London Authority rhona.brown@london.gov.uk
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