The end of secure lifetime tenancies. Council tenancies will be for 2 to 5 years with no right to pass it on to your children.
Landlords will have access to tenant’s personal income information and if households start to earn over £40,000 (a couple on the living wage) they will be hit with a PAY-TO-STAY TAX for the difference between their social rent and the market rent – in Waterloo that would be an average of £26,000.
Local authorities will be forced to sell ‘high value’ properties whenever they come vacant – what flat in London is not high value? Housing association tenants will get the right to buy, so reducing stock further.
Private renters and travellers will have reduced housing rights.
Developers will have to build ‘starter homes’ for sale instead of ‘affordable’ homes for rent. Starter homes will be worth up to £450,000 and sold at a 20% discount – but only to people with enough money to get that kind of a mortgage!
Join the march, lobby your MP, spread the word and kill this bill.