Filey's MP has voiced concerns about the Renters' Rights Bill, which was debated in Parliament this week.
He believes the bill could harm tenants by reducing the supply of rental properties and driving up rents.
Here's what Kevin Hollinrake had to say:
The bill, which has been lauded by housing charities and the government as a landmark piece of legislation to protect renters, includes measures such as:
- Capping advance rent payments at one month's rent.
- Safeguarding bereaved guarantors from being forced to cover rent for the remainder of a tenancy.
- Abolishing Section 21 "no-fault" evictions.
However, Mr. Hollinrake argues that these measures could have unintended consequences. He draws parallels with similar measures introduced in Scotland, which he claims led to a 10% reduction in the supply of private rental properties. He fears that landlords, faced with increased regulations and reduced control over their properties, will be less likely to invest in the rental market, ultimately leading to fewer available homes for renters.
Mr. Hollinrake also expressed concerns about the removal of no-fault evictions. While he acknowledges that most landlords prefer to keep reliable tenants, he believes landlords should retain the right to regain possession of their property at the end of a tenancy agreement. He argues that removing this right could make it difficult for landlords to deal with problematic tenants, such as those who damage property or engage in antisocial behavior.
Mr. Hollinrake believes that while good intentions lie behind the bill, the government should focus on encouraging investment in the rental market to increase the supply of properties rather than implementing regulations that could deter landlords. He maintains that a larger supply of rental properties is ultimately in the best interest of tenants, as it provides more choices and helps to keep rents affordable:
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