Mary Creagh MP

Working hard for Wakefield

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A Fairer Deal for Renters

A FAIRER DEAL FOR RENTERS

Mary Creagh has backed Labour plans for a better deal for people in Wakefield renting their homes privately. People living in the 5,656 privately rented homes in Wakefield are now paying on average £483 a year more in rent than they did in 2010.

 

Mary Creagh MP said:

“The Tory-led Government’s housing crisis is forcing more people into rented accommodation because they cannot afford to buy. Some people renting from landlords in Wakefield face rip-off charges by letting agents, unpredictable jumps in their rent and insecure tenancies.

“Labour will save renters an average of £350 in costs each time they move by banning unfair letting agents’ fees. We will also change the law to make three-year tenancies the norm and protect against excessive rent increases.”

 

Wakefield statistics:

 

All households

 

2001

2011

2021 projections*

Constituency

2001

2011

 

Private Rented

%

Private Rented

%

Private Rented

%

Wakefield

38,555

41,072

 

2,899

7.5%

5,656

13.8%

8,413

20%

Sources:

Nomis  
  House of Commons Libray Data  
  * 2021 projections are based upon an simple straight line projection which assumes the same increase between 2011-2021 as there was for 2001-2011.  

 

Average Rents England & Wales and by Region, 2010 and 2014

 

Average monthly rent in May 2010

Average monthly rent in Oct 2014

Average increase in annual rent over the period

England & Wales

£666

£770

£ 1,240

London

£924

£1,162.00

£2,857

East of England

£728

£767.00

£472

South West

£628

£655.00

£330

Yorkshire & Humber

£505

£545.00

£483

North West

£541

£608.00

£802

Wales

£528

£573.00

£534

South East

£671

£816.00

£1,735

North East

£482

£520.00

£ 454

West Midland

£540

£563.00

£280

East Midland

£523

£571.00

£716

 Source: LSL Property Services, Buy to Let Index, various years

 

Labour has committed to:

Give security and peace of mind by legislating for 3-year tenancies giving renters a stable home and landlords the confidence to invest.

  • End excessive rent increases by putting a ceiling on rent increases during the new 3-year tenancies.
  • Ban rip-off letting agent fees for tenants by legislating to stop letting agents charging tenants fees.
  • Drive up standards by introducing a national register of landlords and making it easier for local authorities to introduce licensing schemes and ensure tough sanctions are in place for bad landlords. We will also create a new benchmarking system for property standards.
  • Bring an end to cold homes by setting a new target to upgrade the energy efficiency of properties in the private rented sector.

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