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Cap the number of homes a private landlord can buy

Submitted on Wednesday 22nd October 2014

Published on Friday 21st November 2014

Current status: Closed

Closed: Monday 30th March 2015

Signatures: 10

Tagged with

Britain ~ Economy ~ Individuals ~ UK

Petition Action

Cap the number of homes a private landlord can buy

Additional Information

Private landlords now own 18% of all homes in Britain, according to a 2014 report by a mortgage lender.

This buy-to-let trend has and will continue to increase house prices & rental rates.

It reduces the housing stock available to first time buyers and puts pressure on councils to permit building new homes on limited agricultural land, best used for growing crops to feed our growing population.

Private landlords can improve housing and contribute to the economy but their contribution to housing in the UK needs to be sustainable. This would be best done by limiting the number of houses one person/company can buy. The limit could be a maximum of 5 homes for example. There are individuals in the UK currently with property portfolios in excess of 500 homes!


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