Commenting on the election of the new Labour government, Gary Wright, CEO of deposit alternative specialists, flatfair, said:

“It is no surprise to see Labour winning the election by such a huge margin, the country has been crying out for change and have given Keir Starmer the mandate to make that change happen.

“A clear area requiring urgent attention is housing and more importantly affordability. Let’s hope he can live up to his pledge to build 1.5m new homes in the next 5 years, only house building can fundamentally improve the affordability crisis.

“Until that happens renters will remain under huge cost pressures and deposit alternatives will provide an important choice in allowing tenants to reduce their upfront costs of renting.

“But the government must take a balanced approach around renting to ensure landlords are not put off being landlords as this would only make supply issues worse and push costs up even higher.

“We will watch Labour progress with great interest…”


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