Labour backs down on renters' right-to-buy
Mary-Anne Bowring 26/11/2019
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Labour's Manifesto: A Notable Absence
The Labour Party’s manifesto, released last week, revealed a surprising omission—the controversial right-to-buy pledge for renters.
The Rise and Fall of the Right-to-Buy Proposal
Exploring Labour's original promise of allowing renters to purchase their homes at discounted rates, and how the idea faced significant backlash.
A Weakened Policy: Discount Only for 'Wealthiest' Landlords
Labour's revised stance on the right-to-buy idea, which was later softened to only apply to the wealthiest landlords—but the specifics were unclear.
Scrapping Section 21 and Rent Control: A Landlord’s Nightmare
An examination of other controversial policies in Labour's manifesto, including scrapping Section 21 and the potential for rent controls.
Positive Pledges for Tenants and Landlords Alike
Highlighting some of the more positive policies in the manifesto, such as lifting the freeze on Local Housing Allowance (LHA) and ending Right to Rent checks.
The Impact of Housing Policies on Voter Engagement
A look at how housing policies might influence voters, with an emphasis on the importance of voter registration ahead of the deadline tonight.
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Under Offer: This term applies to a property where the landlord is considering an offer but remains on the market. It implies that further offers may still be considered until the landlord formally accepts or declines the current offer.
Let Agreed: This term indicates that a landlord has provisionally agreed to enter into a rental agreement with a prospective tenant, pending additional checks and referencing. It doesn't require the prospective tenant to have paid a holding deposit.
Let: This term signifies an established binding rental agreement between the landlord and tenant.
For both lettings and sales, the guidance addresses additional terms:
New On The Market: This term is used for a property not advertised since its last sale or rental. It should only be used for a brief period.
New Instruction: It applies to a property assigned to an agent for marketing recently, even if it was previously listed with another agent without being sold or rented.
New and Exclusive: This term refers to a property that is either new on the market or a new instruction, exclusively available through a specific agent or portal.
New Method of Sale/Let: This term is used when a property is being marketed for sale or rent using an alternative approach to the original advertisement, such as transitioning to an auction or sealed bid.
Reduced: This term indicates that a property's price has recently been reduced. The reduction should be genuine and comply with the Chartered Trading Standards Institute's guidelines on pricing practices.