The successful Labour mayoral candidate, the left wing Sadiq Khan, is proposing Rent Control in the form of a “London Living Rent” if he is successful in the coming mayoral election.
The 2016 London Mayoral election will be held on 5 May 2016. It will be the fifth election to the position of Mayor, created in 2000 after a referendum in London.
The incumbent Mayor Boris Johnson has chosen not to run for re-election for a third term in office, having been elected as the Conservative Party Member of Parliament for Uxbridge and South Ruislip at the 2015 General Election.
The Conservative party’s candidate for mayor is to be chosen by an online primary, open to anyone in London who is on the electoral roll with the winner announced at the end of September 2015.
- Andrew Boff, leader of the Conservative Party in the London Assembly
- Zac Goldsmith, journalist, author and MP for Richmond Park
- Stephen Greenhalgh, businessman and Deputy Mayor for Policing and Crime
- Syed Kamall, academic, Chairman of the European Conservatives and Reformists, and MEP for London
Labour’s candidate winner Sadiq Khan, who is also the MP for Tooting, says he will introduce a London Living Rent and freeze rent rises in order to bring down the price of renting. The living rent would be a below-market rent that would be offered in new build properties and it would be one-third of the average renters’ income. He explained that this Living Rent would also make it easier for people renting privately in London to save up for their first deposit to buy a home.
The London Mayoral hopeful says he would also create a not-for-profit London letting agency, while naming and shaming those landlords who treat tenants badly, plus starting a new campaign to give tenants more power to get repairs done.
Khan’s plans would include releasing more public land to build on, enforcing “fair and clear rules for developers”, and use the housing investment budget to start a new social home-building programme.
Khan has explained the thinking behind his proposals:
“The two million Londoners who rent have been badly let down by the Mayor and Government, with many Londoners now spending over half their income on rents. The Tories didn’t even mention private renters in their manifesto.
“As Mayor, I’ll offer a London Living Rent, create a London-wide social letting agency, and fight for new powers to freeze rents. Together we can make housing more affordable for thousands of Londoners – helping them save for a deposit.
“We’ll work with the good landlords who treat their tenants well, and I’ll take on bad ones, with stronger rights for tenants to get repairs done. As the Tories shrug their shoulders, I’m determined to show that we can do more to help Londoners who rent.”
A spokesperson for Generation Rent, which campaigns for affordable privately rented homes, has welcomed Khan’s announcement, saying:
“It’s heartening to see a mayoral candidate focus their sights on the private rented sector, recognising that the chronic affordability crisis in London cannot go on. However, if we want our capital to continue to be a vibrant and diverse city, we would like to see the ‘London Living Rent’ extended beyond new builds and into the whole of London’s private rented sector, benefiting millions of tenants in the process.”
— LandlordZONE (@LandlordZONE) September 16, 2015