Home » News » Housing Market » Labour plans for PRS would be disastrous – NLA previous nextRegulation & LawLabour plans for PRS would be disastrous – NLAA Labour Government would have “far-reaching consequences for the private rented sector,” according to the NLA’s Richard Lambert.PROPERTYdrum6th May 20150640 Views Labour’s plans to cap rents, ban letting agent fees, and restrict tax reliefs for landlords who do not keep properties to basic standards could have an adverse impact on the private rented sector (PRS), according to Richard Lambert, Chief Executive Officer at the National Landlords Association (NLA).While acknowledging that Labour has tenants’ “concerns at heart”, Lambert points out that the policy will almost certainly backfire because “they don’t understand the economics of supplying private housing to rent”.The NLA’s CEO (left) insists that these changes “will have far-reaching consequences for the PRS”, and could deter many people from investing in the buy-to-let market which in turn would reduce the supply of housing stock in the PRS.He commented, “If these proposals are going to be rushed into the first Queen’s Speech, less than a month away, without time to think through the consequences, Labour’s good intentions could make the housing crisis worse, not better.”NLA research has found that around two-thirds of landlords do not increase rents during a tenancy.Lambert continued, “Capping annual price rises to inflation sounds like a great consumer protection initiative, but wherever these formulas have been introduced, it’s proved to be counterproductive because it leads to a culture and expectation of regular increases by whatever is allowed.“Restricting tax reliefs for landlords who don’t keep their properties up to standard is a good headline, but it leaves many questions unanswered. Who decides that the restriction will bite and how would it be assessed?”Meanwhile, new research shows that Conservative stronghold constituencies have enjoyed the largest increase in residential property prices since the last election, with a rate of growth almost three times higher than Labour majorities.The figures compiled by online estate agents HouseSimple.com reveal that the average price of a home in the 20 largest Tory majority constituencies have increased by 17.1 per cent since 2010, compared to a 5.8 per cent rise in the equivalent Labour areas.Overall, Conservative constituencies saw an average price rise of 16 per cent, Lib Dems 14 per cent and Labour 14 per cent.However, nine constituencies recording declines – five Labour and four Conservative – led by Labour-run Bishop Auckland in County Durham which have seen prices fall by 8.4 per cent since the coalition came to power.Alex Gosling (right), CEO of online estate agents HouseSimple.com, commented, “In pure statistical terms, if you vote Tory then you are likely to have fared far better house price-wise over the past five years than you would if you vote Labour or Lib Dem. It’s also clear that the North-South divide is as pronounced regarding house prices as it is politically.”letting agent fees landlords PRS tax relief private rented sector rents May 6, 2015The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021
continue reading » Fifty Northwest credit union CEOs gathered last year, and the topic turned to Amazon Prime. Nearly all were members and enjoyed Amazon’s “One Click to Buy” feature. Convenient, cool and a new normal most agreed. One CEO lightheartedly asked, “Could we ever see a day with ‘One Click to Borrow?’” All in the room favorably nodded.Retail is retail. Consumers/members have expectations of their experiences in retail, regardless of product. What they receive through digital engagement, real-time status and anytime access outside the credit union is exactly what they expect when engaging with the credit union. Review this list of consumer expectations of retail experiences and consider added ways that your credit union can enhance its commitment to members.Simple. Apple refined the ease of navigating a computer in your hands and now members primarily engage with credit unions from their handheld devices. How many transactions can a member complete digitally? How many steps are necessary to conduct business? Could a member go “branch-free” and still deepen a relationship with your credit union?Personal. For all the mobile-first and do-it-yourself habits of members, sometimes a face-to-face conversation is necessary. How advanced are your front-line leaders in their communications and consulting skills? If a member completed “Steps A through C” on her own, could your front-line leaders pick up at “Step D?” How skilled are your front-line leaders in showing empathy and interacting with diverse members? ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
Versailles, In. — The South Ripley Community School Corporation is exploring the viability of E-Learning. The program creates different options for staff development, class availability and maintaining academic progress during inclement weather.Superintendent Rob Moorhead says planning started six years ago and devices were provided for students two years later. Once approved by state officials, staff professional development can be scheduled while the daily lesson can be completed online from home.Moorhead is interested in completing the implementation in a deliberate, structured manner so the program can be adjusted as needed to fit the needs of all stakeholders.This summer there will be four professional development days designed to prepare teachers for the possibility of e-learning. Following the training, students will be directed to stay home for one day in September and one day in November to complete classes online while teachers conduct professional development at the school.The Indiana Department of Education is reviewing the request for approval from school officials.