Posts tagged “#section21”

A brief overview of some of the manifesto pledges that may have an impact on the private rental sector. It is not meant to be a comprehensive analysis of the pledges, just the key points that have been pledged. Comments in italics are my own: 
 
Conservatives: 
One million new homes to be built in 5 years, aiming for 300000 new houses per year by the mid 2020's. 
New mortgage scheme with long term fixed rates and 5% deposit to help renters buy their first home. 
£6.3 billion grants for environmental upgrades to homes. 
Section 21 'no fault' evictions to be abolished. This has cross party support but should included a better and more efficient route to regain possession of a property using exisiting and updated Section 8 powers. 
Single 'lifetime' deposit which moves with the tenant. No detail provided on this at all - industry commentators unclear how this could work. 
 
Labour: 
£75 billion for 100000 new council homes a year by 2024 and 50000 affordable homes through Housing Associations. 
Upgrade almost all of the UK's 27 million homes to the highest energy efficiency standards by 2030 
Abolish Right to Buy and give councils money and pwer to buy back former council homes. 
Cap Rent increases to national inflation rate.  
Section 21 'no fault' evictions to be abolished. This has cross party support but should included a better and more efficient route to regain possession of a property using exisiting and updated Section 8 powers. 
 
Liberal Democrats: 
Build 300000 new homes a year by 2020 including 100000 for social rent. 
Help young people get into the rental market with government backed tenancy deposit loans for all first time renters under 30. 
£15 billion over the enxt parliament to retrofit insulation in 26 million homes. 
 
Green Party: 
100000 new zero carbon homes for social rent each year. 
Scrap help to Buy and Right to Buy schemes 
Nationwide insulation programme covering every UK home that needs it by 2030 with 10 million homes to reach the top energy rating within 10 years. 
 
Brexit Party: 
Make it easier for councils to borrow from central government to build council houses. 
 
UKIP: 
5 year residency qualifcation for any non-uk buyers of residential property. 
Social housing for UK Citizens only. 
 
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