You are here: Home - Mortgages - Buy To Let - News -

Mayor of London calls for rent freeze as homelessness rises

Written by: Lana Clements
The mayor of London, Sadiq Khan, has urged the government to immediately freeze private sector rents as the number of people sleeping rough in the capital rises.

Between April 2022 and the end of September 2022, 5,712 people were seen sleeping rough in the capital, an increase of 21% on the same period last year, according to statistics released by City Hall.

Cost of living pressures are in part driving the increase suggest reports from those within the sector. Inflation has rocketed this year while the cost of renting has also soared.

Sadiq Khan has called for a rent freeze, a lift on the benefit cap while unfreezing Local Housing Allowance rates and increasing funding for local authorities to reduce homelessness.

He also urged for promised reforms to the rental sector including the end to Section 21 evictions, and measures to stop refugees and asylum seekers being pushed into homelessness.

Khan: ‘Growing risk of homelessness’

Khan said: “Since I was elected mayor, around 13,500 people have been helped off our capital’s streets with eight in ten staying off the streets for good.

“Our outreach workers, charity teams, healthcare professionals and council staff are not only vital partners in this work but unsung heroes and deserve our heartfelt gratitude.

“Despite this progress, extraordinary financial pressures are putting the poorest Londoners at growing risk of homelessness with the number of people sleeping rough already up by a fifth year on year. We continue to see a revolving door of people ending up homeless as a result of this escalating cost-of-living crisis.

“This cannot be allowed to continue, this new government must act now to prevent the circumstances that lead to people sleeping rough before thousands more are forced to face a winter on the streets.”

‘Very harsh reality of this financial crisis’

St Mungo’s interim chief executive, Rebecca Sycamore, added: “As a leading homelessness charity whose teams are trying to get people off the streets every day, St Mungo’s sees the very real and very harsh reality of this financial crisis all of the time. And with more price increases, it is very likely many of those currently just scraping by will no longer be able to manage, and could be at real risk of losing their homes and experiencing a very harsh winter.

“Action is needed now. We want to see the government uplift benefits in line with inflation, increase the benefit cap and unfreeze Local Housing Allowance rates. We urge the prime minister and his ministers to act as a matter of urgency to prevent more people ending up homeless this winter.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Everything you wanted to know about ISAs…but were afraid to ask

The new tax year is less than a fortnight away and for ISA savers or investors, it’s hugely important. If yo...

Your right to a refund if travel is affected by train strikes

There have been a wave of train strikes in the past six months, and for anyone travelling today Friday 3 Febru...

Could you save money with a social broadband tariff?

Two-thirds of low-income households are unaware they could be saving on broadband, according to Uswitch.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week