Private Rented Sector

Debate between Graham P Jones and Stephen McPartland

Wednesday 25th June 2014 Commons Chamber

[Stephen McPartland (Stevenage) (Con)]

The positive thing about the debate so far is that Members on both sides of the House want to tackle the problem of a housing shortage and we all recognise that supply is one of the key issues in doing so. Until shorthold tenancies were introduced in the Housing Act 1988, there was almost no private rented sector in this country. In fact, rent controls contributed to the collapse in the private rented sector from more than 55% of households in 1939 to just 8% in the 1980s, and I believe the figure dropped to 7% in the early 1990s.

[Graham Jones]

The hon. Gentleman makes the point that the private rented sector fell during that period, but so did the increase in the supply of social housing. The number of people on the social housing waiting list was not that significant in those days, so there was not exactly a surplus of tenants, but there was a much larger social rented sector.

[Stephen McPartland]

I am grateful to the hon. Gentleman for making that point, but Library figures show that it has taken almost 30 years for the figure to increase to 16.5%. His point that there was no demand then but that, all of a sudden, there is now probably does not hold water.

An estimated 89% of landlords are private individuals with one or two properties, which are, in effect, their pension funds. They are, in the main, responsible and proactive people, such as my hon. Friend the Member for Carlisle (John Stevenson), who will keep his tenant in place for as long as he pays the rent on time, as has happened for a number of years.