Commenting on calls by the Chartered Institute for Housing (CIH) for the Government to lift the Local Housing Allowance freeze for private rented housing, David Smith, Policy Director for the Residential Landlords Association says:
“Today’s report is a reminder of the difficulties being faced by young people especially in accessing homes for private rent.
“With many unable to afford a home of their own, and waiting lists for social housing remaining long, we need to do more to support those who desperately need a thriving private rental market to provide the homes they need and to sustain existing tenancies. This means lifting the Housing Allowance freeze so that it better matches the realities of today’s private rental prices.
“Such a policy would not lead to substantial increases in Government spending. Official data shows that in the year to July 2018, private sector rents across Britain increased by just 0.9 per cent, far less than inflation.”
The RLA represents the interests of landlords in the private rented sector across England and Wales.
In November 2017 the RLA published a blog post questioning why the LHA freeze had not been lifted for private rented housing. This can be accessed here
The RLA was also a co-signatory to a letter to the Chancellor sent ahead of the November Budget last year call from the freeze to be lifted. This letter is available here
The ONS’s Index of Private Housing Rental Prices can be accessed here It reports that:
“Private rental prices paid by tenants in Great Britain rose by 0.9% in the 12 months to July 2018, down from 1.0% in the 12 months to June 2018.” It goes on to say that: “London private rental prices decreased by 0.3% in the 12 months to July 2018; this is the lowest annual rate since September 2010.”