What the new Labour government means for renters (Image: Getty)

       After a momentous win in this year’s election, people across the country will now start to look towards the change that Keir Starmer has pledged to bring.

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       From kickstarting economic growth to making Britain a clean energy superpower and building an NHS fit for the future, Labour has plenty of big plans for once they have settled into the office.

       But one thing Keir Starmer seems to champion more than anything is people first, party second.

       And coming from a working class background himself, Keir is hoping his policies can benefit everyone from all backgrounds, but especially those less fortunate.

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       In the recent debate held by MoneySavingExpert, party leaders were all asked about what they would do ‘to help renters - some of the hardest hit by recent inflation’.

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       Renting has been a hot topic during the cost of living crisis, especially when it comes to Section 21 ‘no fault’ evictions many in the financial and housing markets have been pushing for.

       In response to the question about section 21 Keir Stamer said: “I’m saying no ifs, no buts - Labour will immediately ban no-fault evictions so that families have security of knowing landlords can’t kick them out for no reason.

       “And we will pass strong new laws to level the playing field between landlords and tenants.

       “A crackdown is overdue on unscrupulous landlords that rip off tenants with extortionate rents and poor-quality living conditions. That is what Labour is determined to deliver.”

       Keir also pointed out the reason behind why the cost-of-living crisis has hit renters so much harder was because over the past 14 years there has been a ‘failure to build enough homes’ making renting ‘unaffordable and expensive’.

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       Another problem that has become a great issue over the past four years since covid and the start of the cost-of-living crisis is the unnecessary bidding wars.

       These bidding wars make rental prices almost impossible to afford, with many having to remove applications due to a lack of ability to afford the skyrocketing prices.

       But Keir Starmer is pledging to put a stop to these saying: “We’ll end rental bidding wars, so landlords can no longer pit hopeful renters against each other in a fight to see who can offer up a bigger sum.

       “Labour will also end massive upfront payments, by capping the amount of rent requested up front, that are forcing renters to turn to the bank of mum and dad just to get into the rental market.”

       But the pledges don’t stop there, Labour has also pledged to do the following while leading the country.

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       Put power back in tenants’ hands allowing them to challenge unreasonable rent hikes.

       Give tenants a minimum of two months to terminate their contract in cases where rent ‘increases disproportionately’.

       Tackle black mould, damp and cold with new legal protections for tenants

       Slash fuel poverty and cut energy bills by having landlords meet ‘stringent energy efficiency standards by 2030’.

       Promise to built 1.5 million new homes and ‘unlock the dream of homeownership’

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       First time buyer will get ‘first dibs’ on the new developments

       Offer a comprehensive mortgage guarantee scheme ‘for those who struggle to save for a large deposit’.

       You can check out the detailed response from Keir Starmer on the MoneySavingExpert website.

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