0:02 AM, 29th April 2024, About 2 years ago 9
Text Size
Categories:
Shelter is calling for empty homes to be converted into social rent homes to help solve the housing crisis.
According to the housing charity, there are 261,000 empty homes in England.
The charity is urging the government to build 90,000 new social rent homes per year across England.
According to a report by Shelter, converting an empty home takes around 1/3 of the time compared to building from scratch taking around 8 months, instead of 2-5 years to build.
The charity also claims that turning empty homes into social rent homes is better for the environment, cutting carbon emissions by 50-75% per unit on average.
Shelter has listed 10 key recommendations to make their plan a reality.
The recommendations include increasing council tax premiums for empty properties and exempting sellers of long-term empty homes from a proportion of Capital Gains Tax if selling to a council, housing association.
Some of the other recommendations include:
The report concludes that converting empty homes is one piece of the puzzle to solve the housing crisis.
The report says: “We need a national suite of mechanisms to urgently ramp up the delivery of social rent homes to 90k per year. This is how we will end the housing emergency.
“Empty home acquisition and conversion is a fast, cost-effective, and greener way for the next government to quickly increase the delivery of social rent homes early in its term and reduce the number of empty homes.
“The more central government puts in to address empty homes, the more social rent homes we will get out.”
The full report can be read here
Every day, landlords who want to influence policy and share real-world experience add their voice here. Your perspective helps keep the debate balanced.
Not a member yet? Join In Seconds
Login with
Previous Article
London has few tenanted properties for buy to let investorsNext Article
How to remove tenant who is subletting the property?
Reluctant Landlord
You're Missing Out!
Members can reply to discussions, connect with experienced landlords, and access full member profiles showing years of expertise. Don't stay on the sidelines - join the UK's most active landlord community today.
Not a member yet? Join In Seconds
Login with
Member Since September 2018 - Comments: 3335 - Articles: 5
9:25 AM, 29th April 2024, About 2 years ago
you got millions Shelter – why don’t you start and lead by example????
Markella Mikkelsen
You're Missing Out!
Members can reply to discussions, connect with experienced landlords, and access full member profiles showing years of expertise. Don't stay on the sidelines - join the UK's most active landlord community today.
Not a member yet? Join In Seconds
Login with
Member Since August 2022 - Comments: 99
10:48 AM, 29th April 2024, About 2 years ago
I was going to suggest that you use some of your funds to put the homes back into use and( re)house some of your customers .
But then, that sounds like work, doesn’t it?
Carry on flogging landlords is so much easier….
Bernard Mealing
You're Missing Out!
Members can reply to discussions, connect with experienced landlords, and access full member profiles showing years of expertise. Don't stay on the sidelines - join the UK's most active landlord community today.
Not a member yet? Join In Seconds
Login with
Member Since May 2014 - Comments: 51
11:09 AM, 29th April 2024, About 2 years ago
This daylight robbery of an empty house being brought up to a reasonable standard. Incurring the full rate of Council Tax. My next refurb will see me put one of my handymen in as a watchman and tenant. and applying for the single occupancy rate of council tax..
Saving of around £140 a month for landlord. No problem of the handyman staying because 1. He already has a house…2 He can if it is a husband and wife and she stays in the house ( assuming no young children ) will also apply for single occupancy… and he will move on after refurb to some other of my jobs.
Ian Narbeth
Read Full Bio
You're Missing Out!
Members can reply to discussions, connect with experienced landlords, and access full member profiles showing years of expertise. Don't stay on the sidelines - join the UK's most active landlord community today.
Not a member yet? Join In Seconds
Login with
Member Since July 2013 - Comments: 1951 - Articles: 21
11:12 AM, 29th April 2024, About 2 years ago
The average house price in the UK is £302,000 https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/housepriceindex/december2023.
Even assuming the empty homes are worth say 30% less, that’s £210,000. Assume that each house can be rendered suitable for letting at a cost of £40,000.
£250,000 x 90,000 = £22.5 billion. And that is per year. Even if mortgage lenders will lend 75% of the house price and a lower percentage of the refurb cost, a lot more than £1.25 billion will be needed. Alternatively, prices will be driven down and owners forced to sell.
Martin Roberts
You're Missing Out!
Members can reply to discussions, connect with experienced landlords, and access full member profiles showing years of expertise. Don't stay on the sidelines - join the UK's most active landlord community today.
Not a member yet? Join In Seconds
Login with
Member Since November 2016 - Comments: 227
13:31 PM, 29th April 2024, About 2 years ago
Should we refer to Shelter as a ‘housing charity’?
Advice Centre at best, and most of that very bad.
NewYorkie
Read Full Bio
You're Missing Out!
Members can reply to discussions, connect with experienced landlords, and access full member profiles showing years of expertise. Don't stay on the sidelines - join the UK's most active landlord community today.
Not a member yet? Join In Seconds
Login with
Member Since October 2013 - Comments: 1553 - Articles: 3
14:57 PM, 29th April 2024, About 2 years ago
Reply to the comment left by Martin Roberts at 29/04/2024 – 13:31
Shelter does nothing Citizens Advice can’t do. Give their grant funding, sponsorship, and donations to them instead because people know them and trust what they do.
LaLo
You're Missing Out!
Members can reply to discussions, connect with experienced landlords, and access full member profiles showing years of expertise. Don't stay on the sidelines - join the UK's most active landlord community today.
Not a member yet? Join In Seconds
Login with
Member Since October 2019 - Comments: 365
17:33 PM, 29th April 2024, About 2 years ago
It sounds like ‘compulsory purchase’ again! Would the market price be paid – errr?
Cider Drinker
Read Full Bio
You're Missing Out!
Members can reply to discussions, connect with experienced landlords, and access full member profiles showing years of expertise. Don't stay on the sidelines - join the UK's most active landlord community today.
Not a member yet? Join In Seconds
Login with
Member Since December 2023 - Comments: 1513
23:03 PM, 29th April 2024, About 2 years ago
Empty homes absolutely should be brought back into use.
However, once they’re filled and the migrants keep coming, what next? 261,000 homes would be used up with just six months of migrants.
Paul Essex
Read Full Bio
You're Missing Out!
Members can reply to discussions, connect with experienced landlords, and access full member profiles showing years of expertise. Don't stay on the sidelines - join the UK's most active landlord community today.
Not a member yet? Join In Seconds
Login with
Member Since June 2019 - Comments: 647
13:47 PM, 30th April 2024, About 2 years ago
Reply to the comment left by LaLo at 29/04/2024 – 17:33
Yes – watch this as just today the government has given councils legal rights to compulsory purchase land at farm land value rather than development land value.