The new Housing Bill was announced earlier this week in the Queen’s speech. It was packed full of commitments from the new Conservative government to end the housing crisis including building more houses for first time buyers, extending the Right to Buy scheme to housing association tenants and making more brownfield land available to build on.

We know how busy you are building all these new homes to read all of the information in the Housing Bill so we’ve summarised the key facts into an easy to understand infographic for you.

 

We’ve even provided a bit more detail for those of you that like to delve a little deeper.

So how do the Conservatives plan to generate new housing supply?

  1. 200,000 new starter homes will be built exclusively for first time buyers under the age of 40 and sold at a 20% discount.

  2. Aim to release public land for construction of up to 150,000 new homes by creating a Brownfield Fund to transform brownfield sites into new housing developments in order to create approximately 95,000 new homes.

  3. Local authorities will be required to create a register of available land and ensure that 90% of suitable brownfield land has the necessary planning permission by 2020.

  4. Double the number of custom-built and self-built homes by 2020 through the Right to Build scheme.

  5. Under the Right to Build scheme councils will need to allocate land to local people for the purpose of building or commissioning their own home.

  6. No planning permissions will be required when building extensions and conservatories until 2020.

  7. Through the Right to Buy scheme Housing Associations will be required to sell 5% of their remaining housing stock, once they become available, to build more affordable homes on a one-for-one basis.

  8. 15,000 high value properties would need to be sold per year

  9. 4.5bn per year will be released by the sale of these high-value properties in order to build affordable new homes on a one-for-one basis.

Learn how these proposals will affect you, whether you are building your own home, regenerating old housing stock or developing new homes.

 

By Anna Cross