Address the UK housing crisis

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Petition Action

Address the UK housing crisis

Additional Information

Houses are homes, not investments.

• End tax relief for interest payments on Buy-To-Let mortgages and second home mortgages.

• Disallow Buy-To-Let mortgage providers from stipulating minimum rents that landlords must command from tenants.

• Punitively tax profits from rental income of owners of more than one residential property, and directly use the proceeds to subsidise homebuilding.

• Allow individuals to make a claim to the Residential Property Tribunal on residential properties that have been vacant for more than two years.

• Encourage First-Time-Buyer mortgage providers to introduce tests of applicants’ ability to meet mortgage repayments based on rental history, not deposit size.

• Introduce annual rent increases that are capped at CPI for the duration of a tenant’s continued occupancy of a residential property.

• Unless a landlord is selling or moving back into a property for at least a year, give tenants the right to extend their tenancy.

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