2 May

NLA cautions against new rental scheme

NLA cautions against new rental scheme

The National Landlords Association (NLA) has warned that plans to incentivise large institutions to invest in accommodation could compromise the diversity of the private-rented sector.

It suggested that investment incentives should cover the full range of investors in the sector, including professional private landlords and institutional investors, in order to ensure that vulnerable people are not considered "low-profit" and can still be housed.

David Salusbury, chairman of the NLA, said: "Encouraging a diverse UK rental market, including encouraging professional private landlords, will enable choice that will benefit consumers."

He added: "Where is the evidence that large corporate investors are concerned about developing housing for the more vulnerable groups in society?"

The government is currently considering the scheme, which would provide professionally-run rental accommodation funded by the private sector.

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