Housing White Paper Released – “Fixing our Broken Housing Market”

Housing White Paper Released – “Fixing our Broken Housing Market”

13:18 PM, 7th February 2017, About 7 years ago 23

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Secretary of State for Communities and Local Government, Sajid Javid,  has released the Housing White Paper and spoken in the House of Commons.

Javid said “The government recognises the housing market is broken.” He went on to say it was one of the biggest barriers to social progress.

The emphasis will be placed more on the rental market as an alternative to home ownership.

To read the full report Click Here

Plans include:

 

  • Target is to build 1 million new homes by 2020 at a rate of 250,000 a year and to encourage more affordable rental properties through a Build to Rent Scheme. Affordable being defined as 20% below market value
  • Incentives to landlords for ‘family friendly’ three year guaranteed tenancies to be offered to tenants in an effort to increase stability and security for those families that want it.
  • Encourage institutional investment in the Private Rented Sector
  • A £3bn fund to help smaller building firms compete against major developers and to support Pre-fabricated  off-site construction with building kits assembled in factories.
  • Reducing the time allowed between planning permission and the start of building from three to two years
  • Require all councils to make an honest assessment of the housing need in their area and to plan on that basis including the need of first time buyers and the retired looking to downsize.
  • A lifetime ISA to help first time buyers save for a deposit with a 25% bonus on up to £4,000 of savings a year.
  • Green belt protection will not be weakened apart from exceptional circumstances

 

Labour asked “Is this it”? and accused the Paper of being Feeble.

Click Here for full report

 


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Comments

Rachel Hodge

10:17 AM, 8th February 2017, About 7 years ago

I was ready to jump on any reference to PRS made by the Shelter CEO, but noticeably he didn't make any.

I did see it as a turning point in that everyone has been forced to address the actual causes for the housing crisis.

The next step will be the realisation that their anti-LL policies will exacerbate the problem. Sadly, I think it will take the awful upcoming effects on social housing tenants to make those in power to see that. Idiots.

Barbara Gwyer

14:12 PM, 11th February 2017, About 7 years ago

Call my cynical but I read the white paper and went online to complete their survey form and leave my comments for the consultation. Surprise surprise there were no questions on issues that directly applied me as a landlord or means available in that survey for me to express my views. So I guess the Government will now argue that as I didn't make comments I must be happy with their proposals.

Sunita Rickman

1:02 AM, 12th February 2017, About 7 years ago

Reply to the comment left by "Sam Addison" at "07/02/2017 - 21:44":

What's it like to insure these pre-fab homes ??? & would you get a mortgage if they're not built
from traditional materials ???

I'm not sure - could be a minefield

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