Hardworking Britain will be better off with Labour
Labour has a plan to tackle the scandal of empty homes, help Generation Rent and tackle the housing crisis.
1. Clamp-down on empty home loopholes like 'Buy to Leave'
Labour will change the law in relation to unoccupied, furnished property to prevent 'Buy to Leave' – when international investors store a few sticks of furniture in a property in order to claim it is a 'second home' to avoid paying extra council tax through the Empty Homes Premium.
2. Increase empty home penalties
Labour will give local councils powers to strengthen the Empty Homes Premium. Currently, local councils can charge 50% extra council tax after a home has been left empty for two years. We are consulting on plans to allow local councils to double the rate and halve the time they have to wait. This would enable them to charge 100% more after a home has been left empty for one year.
3. Ensure new homes are advertised in the UK first, not overseas
Labour will act to prevent properties built in the UK from being marketed first and exclusively outside of the UK. It is wrong that people living in the UK are denied the chance to buy a home because they are being sold exclusively to overseas buyers. We will ban the marketing of properties overseas first.
4. Help generation rent by introducing long-term tenancies with predictable rents
Labour would give renters and landlords greater security by introducing three year tenancy agreements, with stable rent rises and as well as banning letting fees for new tenants.