White Paper: huge shift of government emphasis towards renting

Government leaks to the Observer newspaper suggest that the Housing White Paper will show a huge policy shift towards renting – and may trigger the start of formal consultations over banning letting agents’ fees on tenants in England.

The newspaper – the latest to carry well-informed leaks of what will be in the White Paper, expected to be released officially tomorrow (Tuesday) – says the document will signify a move away from David Cameron’s recent emphasis on home ownership, a policy espoused in the past by Margaret Thatcher too.

“Ministers will say they want to change planning and other rules to ensure developers provide a proportion of new homes for ‘affordable rent’ instead of just insisting that they provide a quota of ‘affordable homes for sale'” says the newspaper.

The White Paper will also announce incentives to encourage landlords to offer guaranteed three-year tenancies which are regarded as family-friendly for tenants with children needing greater certainty for schooling.

The Observer quotes Communities Secretary Sajid Javid saying: “We are determined to make housing more affordable and secure for ordinary working families and have a rental market that offers much more choice. We understand people are living longer in private rented accommodation which is why we are fixing this broken housing market so all types of home are more affordable. These measures will help renters have the security they need to be able to plan for the future while we ensure this is a country that works for everyone.”

It is understood the White Paper will also tell councils to put more emphasis on rental schemes in towns and cities, while making it easier for institutional investors creating Build To Rent properties.


By | 2017-02-06T19:11:58+00:00 February 6th, 2017|Categories: Landlord, Lettings, Tenants|0 Comments

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