Housing: New Homes Target

Debate between Baroness Taylor of Stevenage and Lord McFall of Alcluith

Thursday 24th April 2025 Lords Chamber

[Baroness Taylor of Stevenage (Lab)]

I agree with the noble Lord that we have to pay attention to the demand side as well; today’s under-30s are less than half as likely to be home owners as those of the same age in 1990, so there are real affordability challenges which we are determined to tackle. In addition to increasing the supply of homes, we have committed to launching a new, permanent comprehensive mortgage guarantee scheme, meaning that first-time buyers will be able to take their crucial first step on the property ladder with only a small deposit. New details of that will be announced in due course. Alongside that, the Economic Secretary to the Treasury has written to the Financial Conduct Authority setting out the Government’s support for its proposal to review mortgage rules. The Government have made it clear that they want the FCA’s review to be as ambitious and as rapid as possible.

[The Lord Speaker (Lord McFall of Alcluith)]

My Lords, I invite the noble Lord, Lord Campbell-Savours, to participate remotely.

[Lord Campbell-Savours (Lab) [V]]

My Lords, in Nijmegen in Holland and Hammarby in Sweden, they built housing for sale in special zones on agricultural-priced land, thereby reducing housing costs—an issue I have previously raised in housing debates. Now, with a Labour Government, why cannot we similarly designate land and, to block quick resale profit-taking, introduce measures such as new forms of title, disincentives in taxation and Section 52-type planning occupancy restrictions? Can Ministers at least give new ideas a thought? Solving the housing crisis requires original thinking.

Private Rented Sector: Affordable Rents

Debate between Baroness Taylor of Stevenage and Lord McFall of Alcluith

Thursday 27th February 2025 Lords Chamber

[Baroness Taylor of Stevenage (Lab)]

I thank the noble Baroness for her question. We have discussed this in the Chamber before, and the Government have been clear: we do not support rent controls. Heavy-handed rent controls tend to mean higher rents at the start of a tenancy, and they can make it much harder for prospective tenants to find a home. They also encourage the growth of unregulated sub-letting, which can leave the most vulnerable tenants very exposed to higher costs and minimal protections. Those rent controls always come at a cost, often in reduced investment in housing supply and quality standards. We prefer to use this mechanism to strengthen tenants’ rights.

[The Lord Speaker (Lord McFall of Alcluith)]

My Lords, the noble Lord, Lord Campbell-Savours, is participating remotely. I invite him to speak.

[Lord Campbell-Savours (Lab) [V]]

My Lords, has my noble friend seen the very interesting briefing from UNISON, which has 1.3 million members? The brief calls for measures to stop escalating rents; increased enforcement and the regulation of landlords and their agents; changes to the benefits system, incentivising work; and measures to end the right to buy in conditions of housing shortage. We urgently need to find a way to ensure that rents in the private sector become affordable. Could Ministers arrange to meet UNISON representatives to discuss their very interesting proposals for reform?