UK’s flagship rental scheme ‘failing’ after slow recruitment

The UK’s flagship scheme aimed at improving private rented standards has come under fire for allegedly recruiting fewer than 1,000 landlords in its first year.

The London Rental Standard, a voluntary scheme launched by Boris Johnson for letting agents and landlords and which unites seven separate accreditation schemes, is seen as a template for other towns and cities throughout the UK.

According to City Hall, 14,350 private landlords – an estimated 12% of London landlords – have signed, together with 331 letting agents, managing an estimated 121,000 properties.

Labour said the scheme, launched a year ago, was failing, and that the Mayor would not achieve his pledge of signing up 100,000 landlords by this time next year.

However, the deputy mayor for housing in London, Richard Blakeway, said: “Most landlords own just one property, whereas signing up a single branch of a letting agency reaches an estimated 200 homes.

“This is a huge success in one year and we look forward to working with thousands more landlords and agents to help get a better deal for renters as this scheme grows.”

London Assembly’s Labour group said that of the landlords who counted as members, 13,512 were already members of the other accreditation schemes. It means there were fewer than 1,000 new joiners.

Member Tom Copley said: “We need real change in the private rented sector. Londoners need the peace of mind and security of longer tenancy agreements, caps on rent increases and an end to ‘no fault’ evictions.

x

Email the story to a friend



One Comment

  1. MF

    We’ve been members since the beginning.  Yet to see any benefit, apart from yet another certificate on the wall/website.  Still, maybe in time…

    Can’t believe I’m still reading comments about no fault “evictions”.  In the first place, “eviction” is the wrong word to use and in the second, why on earth would I buy-to-let if I lose the right to get my property back when I chose.  (That said, around 95% of the time it’s the tenants who don’t want contract terms longer than a year, and the tenant who serve notice to quit.)

    Report
X

You must be logged in to report this comment!

Comments are closed.

Thank you for signing up to our newsletter, we have sent you an email asking you to confirm your subscription. Additionally if you would like to create a free EYE account which allows you to comment on news stories and manage your email subscriptions please enter a password below.