The public’s confidence in new build homeownership has been shaken over recent months as the mainstream media have reported on the spiralling rates of ground rent charged to owners of leasehold properties. The Government has proposed to reform leasehold and has formally begun an eight-week consultation.
The Community Infrastructure Levy (CIL) came into force on 6th April 2010 and has provided local authorities with the opportunity to charge a new levy on developments in order to raise money to fund improvements to local infrastructure. Just over 200 authorities in England and Wales have now published CIL plans for consultation.
The recently released Shelter report called Shut Out: The barriers low-income households face in private renting, gives some sobering facts about the current crisis in UK housing, and why it’s urgent that the UK increases the supply of housing to stop people falling between the cracks of social policy.