Cost of Living

Part of the debate – in the House of Commons at 5:07 pm on 14 May 2013.

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Photo of Damian Collins Damian Collins Conservative, Folkestone and Hythe 5:07, 14 May 2013

I disagree with the hon. Gentleman. I think it is very easy to ask those questions and for those checks to be made. Most landlords will probably say that they are paying very large sums to agents to act on their behalf to make these checks. Hundreds of pounds are paid on every transaction by both the tenant and the landlord in managing the private rented sector, so I do not see why those questions would not be asked. Legitimate landlords have nothing to fear. It will be the rogue landlords, who rip people off and exploit the illegal status of some of the people they give accommodation to by keeping them in cramped and unpleasant accommodation, who will have something to fear. It is good for the country that those people fear such intervention.

Many people, particularly young people saving to buy their first home, find the size of the deposit required prohibitively large, and the attempt to save that extra money undoubtedly bears on their cost of living. The Help to Buy scheme, which will support people’s deposits when they buy a new home, must be welcomed as a measure to help many people on to the housing ladder and to give them a far better standard of living and accommodation. This positive initiative will also have a beneficial legacy for the construction sector, giving people greater confidence to build on the property sites currently held in land banks that have planning permission, but which are not being built on because people are concerned that there are not enough people to buy. This scheme will give them the confidence to build, knowing that people will be able to afford the homes because their deposits will be covered.

Finally, on a subject linked to housing towards the end of people’s lives, the Care Bill will end the requirement on people to sell the property for which they have worked and saved all their life in order to meet their care costs in later life. It is unfair that people who have made sacrifices throughout their lives are asked to make the final sacrifice of selling their home to pay for some of their care costs, when others are not put in that position. It is right to cap those contributions: it will reward people’s hard work and aspiration and send out a positive message about the sort of country we are and how we want people to make those sacrifices, work hard and put something by for themselves and their family to have and use later in life. The Care Bill is a positive step in that direction.

I welcome and commend the Queen’s Speech and today’s debate.