Housing white paper: Details revealed

Housing market broken, ministers admit ahead of White Paper

The main thrust of the Housing White Paper will be to encourage increases in the supply of new housing but very little of this will be really affordable it seems. Here are the nine key takeaways.

The housing white paper, entitled: "Fixing our broken housing market", introduces new ways of assessing housing need, putting the onus on local councils to avoid "ducking hard decisions", and encouraging them to use compulsory purchase orders.

Read the full details in our news story. According to the government, 40 per cent of local planning authorities do not now have an up-to-date plan.

Speeding up building: The government wants to introduce a new standardised way for local authorities to calculate housing demand. This proportion will increase to 45% in 2019 and 65% in 2020.

Ministers have previously announced letting agents in England will be banned from charging fees to tenants. The government will "intervene" if necessary to ensure plans are put in place. Even though we have been here before, with various governments in the past "recognising" the problem, very little progress has been made.

The government says around 60% of new homes are built by just 10 companies and the fund will help to build more than 25,000 new homes this Parliament and up to 225,000 in the longer term by providing loans for SME builders, custom builders, offsite construction and essential infrastructure, creating thousands of new jobs in the process.

HCA chair Sir Edward Lister confirmed to Property Week that the organisation plans to invest some of the £3bn in modular construction factories.

It would also give local authorities the ability pressure property developers to start building on land that they owned.

The government announced a range of measures aimed at encouraging the build-to-rent (BTR) sector. Barwell defined these homes as at least 20% under the market rate, while he also encouraged councils to be more active.

In order to speed up the pace of building, developers will be warned that they risk being stripped of their planning permission for a site if they do not get on and use it.

The government backtracked on its landmark starter homes policy.

The white paper being launched on Tuesday outlines a new Lifetime ISA to help first-time buyers save for a deposit and extends Right to Buy discounts to housing association tenants. Increased diversity in the organisations that are delivering new housing is crucial to improving the choice and quality of housing being built, as well as boosting the industry's ability to deliver on Government targets.

This could include replacing or building over low-density uses, like auto parks, or building on top of existing buildings.

Ben Kite, the managing director of the ecological consultancy EPR, said: 'The ecological and development communities would potentially have had much to gain from limited, selective and sensitive development of green belt land'.

Speaking to the Commons, Javid said: "Thanks to the concerted efforts of central and local government, previous year 190,000 new homes were completed, but that's still not enough".

A £3 billion home-building fund aims to help small firms as 60% of new dwellings are now constructed by just 10 companies.

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