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
Cap the number of homes a private landlord can buy
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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