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Fri 4 February 2022
The Spring Levelling Up White Paper will include several new proposals which will have an impact on the private-rented sector in the UK.
The Government’s Department for Levelling Up, Housing and Communities has announced a package for private-rented sector reforms in England will be included in the Spring’s White Paper.
The announcement includes the following proposals:
The Government also has intentions to turn “Generation Rent into Generation Buy”. It recognises the affordability issues faced by first time buyers and intends to launch the First Homes Scheme. The scheme would provide a 30% discount to local young people and key workers to help them purchase a home.
It is hoped that the Government will carefully consider the potential impact its proposals could have on the private rented market.
For further information, contact Sam Benson in our Residential Lettings Department.
Read more about the white paper system-change.