Labour pledges to reform rented housing market

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Ed Miliband, the Leader of the Opposition, has said that a Labour Government would reform the rented housing market by introducing rent controls and increasing the length of a minimum tenancy.

Landlords who fail to keep their housing stock in good condition will also potentially lose their buy-to-let tax relief cut. After a six month trial tenancy period tenants will be able to sign a three year tenancy agreement with rental increases linked to inflation.