Oral Answers to Questions

Debate between Lord Foster of Bath and Meg Hillier

Monday 3rd June 2013 Commons Chamber

[Mr Foster]

We are already considering the proposals the hon. Lady mentions. May I remind her that only 9% of tenancies are ended by the landlord, and that is usually because they want to live in the property or to sell it? The majority of landlords want to keep their tenants rather than face empty properties, but we need to get the balance right between the rights of landlords and those of tenants while maintaining the confidence of mortgage lenders.

[Meg Hillier (Hackney South and Shoreditch) (Lab/Co-op)]

Hackney has more people renting privately than owning homes, so this is a big issue. Mortgage lenders are one of the bars to tenants, so what is the Minister doing to discuss that issue with the Treasury and other interested Departments? I should draw Members’ attention to my entry in the Register of Members’ Financial Interests.

[Mr Foster]

The hon. Lady is absolutely right to say that we need to increase the availability of privately rented accommodation and that is why the Government have introduced £1 billion of funding through various schemes to provide support for that. I suspect that further announcements will be made in a relatively short time.

--- Later in debate ---

[Meg Hillier (Hackney South and Shoreditch) (Lab/Co-op)]

One of this Government’s first acts was to get rid of proposals to have a register of private landlords. In many discussions I have had with residents—including at the Hackney housing summit that I hosted recently—it has become clear that there has been a real need to improve landlords, but without knowing who they are we cannot do that. Will the Minister look again at the issue? Again, I draw the House’s attention to my entry in the Register of Members’ Financial Interests.

[Mr Foster]

The simple answer is that no, we will not. The hon. Lady will be well aware that when her party proposed such a register, the impact assessment showed that it would cost £300 million a year, and that money would be put on to the rent of people seeking to live in those properties.