Private rented sector
60 second overview
Buying a house is increasingly out of reach for tens of thousands of London households, while the contribution of social housing to providing Londoners with homes is declining. Meanwhile, the private rented sector (PRS) is growing rapidly. While private renting is a satisfactory solution for many Londoners, we are concerned with the current state and growth of the sector.
The London renter demographic
For too many London renters, the housing on offer is unaffordable and of a poor quality. The “typical” private renter is changing: from young professionals and people in transition, to low- and middle-income working families for whom buying privately is not a realistic option and who do not qualify for the limited social housing available.
Nearly half (48%) of London private tenants would rather not be renting, and one in five is not happy with their accommodation; the end of a private sector tenancy is now London's leading cause of homelessness. Private renting must be regulated properly and made fit-for-purpose so it can be a long-term housing option for such households. Most private landlords want to ‘do the right thing’ by their tenants, but they often lack the government-led support and guidance necessary to make this easy.
Improving quality and stability in the private rented sector
The Trust is keen to improve the experience of private rented accommodation for Londoners on low incomes. To this end we support the work of Generation Rent and Advice4Renters; we have funded research by Future of London into the sector, including on landlord licensing and build to rent. We seek to contribute to policy discussions, e.g. on the end of Lettings Fees, on behalf of grantees, and participate in relevant forums such as at the GLA. We have also invested in improving the sector through mission-related investments to Real Lettings and Commonweal Housing’s Peer Landlord model.
From our Twitter
Collaboration is key to supporting people in temporary accommodation. Listen to @ChristaMaciver talk about the @justlifeuk study into temporary accommodation boards in London, and read her blog here. https://www.trustforlondon.org.uk/news/different-way-working-temporary-accommodation-boards-london/ … pic.twitter.com/Y23fDpntIv13 Jul 2018
Congratulations to @CamHouse1889 for being shortlisted for the London homelessness awards. We are glad to be funding their safer renting project, which helps to protect the victims of rogue landlords. #charitytuesday https://lhf.org.uk/news/press-release-shortlist-for-london-homelessness-awards-announced/ …17 Jul 2018
Almost 50% of people living in social housing say they feel like second class citizens with their concerns over safety and their complaints ignored. This is why empowering tenant voice is so important, and why fund projects which seek to do this. https://www.itv.com/news/calendar/2018-07-16/wheres-home-the-ghost-estate/ …17 Jul 2018
A transgender woman who worked as a van driver in the gig economy is bringing a discrimination claim against courier company Gnewt Cargo. Hayley's case is thought to be the first to test LGBT+ rights and discrimination in the gig economy. https://www.bbc.co.uk/news/uk-44847564 …17 Jul 2018
. @ChildhoodTrust and the UN Society at LSE are organising a London Child Poverty Summit, in response to the increasing child poverty in the capital. Find out more here and retweet to spread the word. #childpoverty #charitytuesday http://www.childhoodtrust.org.uk/london-child-poverty-summit …17 Jul 2018