A recent survey conducted by Leaders Romans Group (LRG) highlights the pressing priorities of tenants and landlords in the private rented sector, especially in anticipation of Labour’s first 100 days in office. The findings provide valuable insights into the shared concerns and desired reforms among both parties.

Key Findings:

1. Taxation and Stamp Duty:
   • 60% of tenants and landlords advocate for reduced landlord taxation and lower stamp duty on home purchases.
   • This shared concern stems from the belief that higher taxes on landlords ultimately lead to increased rent prices.
   • Many tenants express a desire to transition to homeownership, which is hindered by current tax structures.
2. Labour’s Roadmap for Action:
   • Allison Thompson, National Lettings Managing Director at LRG, emphasizes the need for Labour to address these concerns to create a balanced and sustainable rental market.
   • LRG urges the government to listen to the voices of both tenants and landlords and implement necessary reforms promptly.
3. Supply and Demand Issues:
   • A landlord expressed frustration over policies that scapegoat landlords and impose additional costs, leading to a reduction in rental property supply and increased rent prices.
   • The real issue, according to landlords, is the lack of supply in the rental market.
4. Immediate Rental Reforms:
   • The survey identified two key areas for immediate reform:
     • Re-introduction of Help to Buy Scheme: Supported by 34% of tenants and 30% of landlords.
     • Decent Homes Standard: Favoured by 31% of tenants and 28% of landlords.
   • Affordability and fair rent controls are crucial for 45% of tenants, though only 10% of landlords agree.
5. Social Housing Investment:
   • Investment in social housing is a priority for 45% of landlords, compared to 25% of tenants.
   • Only 12% of tenants and 1% of landlords felt the Renters (Reform) Bill was crucial.
6. Political Preferences:
   • Conservative Party: Supported by 64% of landlords and 17% of tenants.
   • Labour Party: Seen as more likely to address concerns by 15% of landlords and 53% of tenants.
   • Reform UK and Liberal Democrats: Each garnered 12% support from both groups.

Implications for Policy Makers

The survey underscores the importance of addressing taxation, supply issues, and affordability in the rental market. With both tenants and landlords calling for significant reforms, there is a clear roadmap for policymakers to create a more equitable and functional rental market.

Sources:

• LRG Survey Data
• Property Industry Insights