Search

Camden Council to explore ways of capping rent prices set by private landlords

PUBLISHED: 08:00 14 July 2014

Cllr Julian Fulbrook.

Cllr Julian Fulbrook.

submitted

Camden Council has hired a leading housing expert to explore ways of controlling the spiralling cost of private rent.

"We may not be using all the levers that we have at our disposal to deal with a very difficult problem, which is an overheated private rented sector in Camden"

Cllr Julian Fulbrook

Christine Whitehead, professor of housing economics at the London School of Economics (LSE), will examine how the council can stem the rapid rise.

The council is considering offering financial incentives to private landlords who agree to cap rent increases in line with inflation.

Cllr Julian Fulbrook, cabinet member for housing, said: “Rents in the borough are unbelievable. There are some enormous amounts being talked about. Private sector tenants have some very lurid tales about how landlords are putting up rents.

“We may not be using all the levers that we have at our disposal to deal with a very difficult problem, which is an overheated private rented sector in Camden.

“We don’t necessarily need to wait for national legislation to deal with this because we already have relationships with private landlords and many of them have already said they welcome this.”

Cllr Fulbrook, who worked with Professor Whitehead when he was a law professor at the LSE, said his former colleague would look at the prospect of offering loans for capital repairs to private landlords in exchange for them signing up to a council “rent stabilisation scheme”.

“If we are handing out council money, maybe we ought to consider if there are strings attached to some of the loans to landlords,” said Cllr Fulbrook.

Cllr Fulbrook said registered landlords would benefit from a “kitemark saying, Camden Council-approved”.

In April, Labour leader Ed Miliband unveiled his party’s proposals to cap rent increases and introduce mandatory three-year tenancies in the private sector.

The LSE report will examine how private landlords can be encouraged to offer longer-term lets to give families and older tenants more security.

Cllr Fulbrook said the report’s findings, due in the autumn, would be “filtering through to one of our local residents, Ed Miliband, to see what a future Labour government could do”.

Private landlord, Conservative councillor Jonny Bucknell, of Belsize ward, said: “The reason that rents are so high is that prices are so high. Rents have got to be proportionate to house prices. Any sort of cap will deter people from coming into the marketplace.

“What has worked incredibly well is deregulation and the private market has taken off. Any whiff of regulation could put people off coming into the market.”

Comments have been disabled on this article.

Latest Hampstead & Highgate News Stories

11:46

Two men have been arrested in West Hampstead on suspicion of murder after a fatal stabbing in Westminster.

13:39

Hampstead could become its own constituency again for the first time since 1979 under proposed new electoral boundary proposals.

Yesterday, 17:11

Charitable students at UCS Hampstead have clubbed together to give a mammoth donation to the north Paddington food bank.

Yesterday, 13:11

Crouch End comedian Sean Hughes has died, his management company has confirmed.

Yesterday, 13:06

An application to demolish an Edwardian house in Muswell Hill and rebuild it as a modern home has been met with opposition from local residents.

Yesterday, 12:22

The husband of jailed mother Nazanin Zaghari-Ratcliffe has repeated his demand to meet the Iranian ambassador to the UK so he can attend a possible second trial of his wife.

Yesterday, 12:15

A senior police officer has said it is “not practical” for officers to investigate crimes such as shoplifting and criminal damage as his force bids to save £400 million.

Saturday, October 14, 2017

A row has erupted over a bid to reopen a bar at the same location where a shooting and knife attack took place.

PROMOTED CONTENT

If you are a pet owner, maybe you can empathise with this familiar tale.

Japanese baby and children’s clothing company Familiar is making their first venture into Europe with a pop up event in Hampstead

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter

Most read Hampstead & Highgate news

Show Job Lists

Digital Edition

cover

Enjoy the
Hampstead & Highgate Express
e-edition today

Subscribe

Education and Training

cover

Read the
Education and Training
e-edition today

Read Now