4 Nov

Housing minister proposes new ‘fair deal’ for tenants

Housing minister proposes new ‘fair deal’ for tenants

Both tenants and landlords could be affected by new measures which have been proposed by UK housing minister Kris Hopkins.

The suggested ‘fair deal’ will look to protect social tenants with regards to living costs and give landlords more stability in terms of their revenue stream.

Under these new proposals annual rent increases would be linked to inflation, using the Consumer Price Index as a measure of reference.

Landlords would also be able to charge tenants higher incomes, which are more in keeping with the current market rate.

Letting agents throughout the UK would also have to be aware of the new measures should they come into action.

Mr Hopkins said: “Today’s proposals offer a fair deal on rents for tenants, helping with their cost of living and ensuring those who can afford to pay more do and those on lower incomes know what to expect.”

He went onto say that these measures, combined with £23 billion of public and private investment in the three years after 2015, would help to deliver affordable housing for the next 20 years.

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