Private sector housing landlord speaks out against Labour Party plans to cap rent rises

Landlord Expert
By Landlord Expert June 4, 2014 12:23

ONE of the UK’s largest private sector housing landlord has warned against a Labour Party proposal to cap rent increases.

Self-made millionaire Kevin Green, of Burry Port, aged 50, said he believed the idea wouldn’t work.

He said: “Meddling with the free market always leads to fallout in some shape or form.

“I know some people will say, ‘Yes, he is bound to argue against rentals caps as he is a landlord.’ But it is not all about self-interest. “It is about common-sense.

“I’ve built up years of experience in the marketplace in private sector housing — so I know what works and what doesn’t work.

“Believe you me, this Labour Party idea won’t work.

“It is a policy that the Labour Party thinks will score them brownie points with the general public.”

Labour leader Ed Miliband said this week a future Labour government would cap rent increases in the private sector and scrap letting fees to estate agents to give a “fairer deal” to tenants.

Mr Green said he firmly believed such a policy would only end up costing the Government money in the long-term.

“Whenever a free market supply and demand is meddled with, there is always fallout, which will inevitably cost the Government more money,” he added. “It makes no commercial sense whatsoever to cap rents to private tenants.”

Landlord Expert
By Landlord Expert June 4, 2014 12:23

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