To: Prime Minister Theresa May and Mayor of London Sadiq Khan

Introduce a Rent Cap in London

Introduce a Rent Cap in London

Introduce a cap on rents, so no one has to pay more than £200 a week on rent.

Why is this important?

To reduce the housing benefit bill drastically
So families don't have to choose between food or rent
So people can afford to live in the city with the most jobs in the UK
So there is less incentive to become a buy to let landlord, thus allowing first time buyers more opportunities to buy properties

Most young people who work in London know that they will have to move far out of London if they want to have a family as rents for family size properties are so high e.g. £350 a week for a three bedroom property.

London should not only be affordable to the rich or to those who are lucky enough to own homes.

I would suggest a rent cap which is much closer to Council housing rents. For example:

Room in shared house: £75 a week
Studio: £95 a week
One bedroom property: £120 a week
Two bedroom property: £145 a week
Three bedroom property: £170 a week
Four bedroom property: £195 a week

London

Reasons for signing

  • High rent means proportionately more money spent for non-productive assets of some one else and less money for productive activities and hence less revenue in tax for government as well. Rent cap will also result in reducing no fault eviction (s21) for raising rent. So more security of tenure for tenants.
  • Because the rent and everything else is becoming so ridiculously expenssive!
  • The government has capped benefit claims. It must also control rents.

Updates

2015-01-07 23:05:22 +0000

50,000 signatures reached

2015-01-05 18:01:57 +0000

20,000 signatures reached

2014-12-31 14:54:49 +0000

Thanks to your support, we've now got over 15,000 signatures. As a result, I've been invited to speak on London Live's breakfast show 'Wake Up London' to promote our campaign for a rent cap in London. Tune in on Tuesday 6th January from 6am to 9am to hear me talk about this petition and how important this issue is. I will try and include lots of your comments.
http://www.londonlive.co.uk/programmes/wake-up-london

2014-12-28 17:31:25 +0000

10,000 signatures reached

2014-12-20 17:57:18 +0000

5,000 signatures reached

2014-06-05 23:12:54 +0100

1,000 signatures reached

2014-06-04 08:41:57 +0100

500 signatures reached

2014-05-14 14:19:02 +0100

100 signatures reached

2014-04-27 23:16:54 +0100

50 signatures reached

2014-04-13 14:21:03 +0100

25 signatures reached

2014-04-10 23:49:21 +0100

10 signatures reached