Regulate landlords 'with soft touch'

News Category: Industry News

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The government should only regulate landlords with a "soft touch" in order to encourage investment in the private rented sector an accreditation scheme for letting agents has said.

According to the National Approved Letting Scheme (NALS), the UK is short of good quality housing.

A spokesman for NALS suggested the government could do more to ensure landlords are not put off expanding their property portfolios.

He said: "Only regulate with a very soft touch. The government desperately needs the private investor into the private rented sector."

The spokesman added that if landlords are discouraged from investing in new properties by the government, house prices could increase.

This comes after Arla stated that the election must not stand in the way of the private rented sector's growth.

According to the letting agents' body, VAT should be removed from the purchase of materials to improve older homes, while there should also be a reassessment of stamp duty to create a fairer system.

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