Private residential landlords could face mandatory licensing as part of proposed wide ranging reforms to the fast growing rental sector that include tougher regulation…
The proposals are set out in a hard-hitting Government-commissioned report by housing expert Julie Rugg, an academic at York University . Housing minister Margaret Beckett praised it as 'comprehensive and authoritative', but shrank from immediately endorsing its recommendations.
The report comes at a crucial time, with record numbers of people turning to the rental market because of difficulties in buying a property amid the credit crunch.
It accuses the market of sometimes failing to provide adequate levels of quality and service and highlights a number of problem areas, from so-called "slum landlords" to poor service from estate agents.
The report gives a boon to the buy-to-let market by saying the Government should consider tax changes to encourage a growth in 'good' landlords.
This includes changes to stamp duty and capital gains to encourage landlords to buy more properties.
Source: Financial Times, Daily Telegraph