election manifestos have to say about property

What the election manifestos have to say about property

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Property is making news in the major parties’ election manifestos, with the Tories promising to help both buyers and renters and Labour pledging reforms in the private rented sector.

home ownership

What the Conservatives say

The Conservatives have said that if the party makes it back into government on December 12, it will go on to get rid of no-fault evictions, in addition to re-balancing the housing market toward home ownership.

The Tory manifesto builds on the process of abolishing no-fault evictions, something that has already begun, and claims to be aimed at creating a fairer market for tenants and offering greater protection from rogue landlords and revenge evictions.

The manifesto also claims to be good for landlords, strengthening their rights of possession, although no details have been revealed about how this would happen and whether there would be any changes to taxes.

For tenants, the current Conservative government has said that tenants will only have to pay one lifetime deposit, meaning that there could be a major effect on the deposit replacement market.

Another major promise that could potentially see more people needing home buyers survey Derby services, for example, is a vow to slash the amount needed for deposits. This could open up more home ownership for first-time buyers, who may then go on to enlist services from the likes of https://www.samconveyancing.co.uk/Homebuyers-Survey/Home-Buyers-Survey-Derby.

property inspection

The Labour viewpoint

Labour, meanwhile, has pledged to get rid of bad landlords by suggesting greater measures to protect tenants and tighten up on the potential for people to make money without fulfilling their obligations to their properties and their renters. Read more about the differences in the manifestos of the major parties in this month’s general election at https://www.bbc.co.uk/news/election-2019-50291676.

Labour want landlords to be obliged to have a yearly property inspection carried out and all rented homes to meet a decent standard.

The Labour Party, if elected, has said that it would make it illegal to let properties that have not been subject to a rental inspection and have not met minimum standards. Single offences by landlords could result in a fine of as much as £100,000, and landlords would be forced to repay rent.

The party has also pledged to cap rents and keep in line with inflation and has vowed to take the side of tenants in taking on bad landlords.