Landlords who sign up to a recognised accreditation scheme should be rewarded with enhanced tax relief. That’s just one proposal to emerge from a new report published by the Chartered Institute of Housing and The Resolution Foundation.
In calling for a stronger role for accreditation and incentives, the report recommends:
The development of a nationally agreed set of standards for accreditation
The report also advocates the development of stronger measures to tackle poor practice by some landlords.
To achieve this end, the report recommends:
Research conducted by Endsleigh highlights the potential for accreditation to raise standards. It found that experienced landlords are more likely to appreciate the importance of accreditation. 8.4% of those landlords with less than a year’s experience were accredited, as opposed to over a quarter (26.2%) of those with more than 10 years’ experience.
This suggests that there will be a growing appetite for accreditation in the coming years, which will only be accelerated if the appropriate incentives are put in place.