Our doors may be closed, but we’re still here for you. In line with government advice on the outbreak of Coronavirus (COVID-19), all our Parkers branches will be temporarily closed until further notice. The health and safety of our staff and customers is, of course, our number one priority. But while we might not be able to see you, we are still here if you need us. The Parkers teams are all working remotely, ensuring we can provide continuous support for all our customers. Please email your nearest branch directly through the website and, most importantly, stay safe and healthy during these difficult times

Private investment is crucial for housing delivery in PRS

Private investment is crucial for housing delivery in PRS

The Residential Landlords Association (RLA) is calling on Theresa May's new government to back private landlords, rather than institutional investors, to help provide the homes that the private rented sector (PRS) so desperately needs.

The call follows a new House of Lords report published today which warns that corporate investors are failing to provide the homes to rent the country requires.

The report also suggests that MPs "should not overlook the role the existing housing stock plays".

The RLA wants to see the new government do more to encourage private investment in the buy-to-let sector, rather than deter investment through unattractive tax and planning regulations.

"This report confirms everything we've known. Corporate investors are simply failing to develop the new homes to rent we need," said Alan Ward, chairman of the RLA.

He added: "The vast majority of landlords are individuals, renting out just a few properties. With the right planning and tax policies, they are ideally placed to invest in new homes to rent and to make better use of the country's existing housing stock, including converting large properties into more useable smaller units of accommodation."

Article courtesy of Landlord Today | Sign up for Landlord Today newsletter | Get this news on YOUR site!