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Rented Property to be Highlighted in New Housing White Paper

The UK government is expected to put rented property in the spotlight in today's Housing White paper, as Housing Minister Gavin Barwell announced a new focus on delivering affordable homes for renters.

UK Housing White Paper

The UK government is expected to put rented property in the spotlight in today's Housing White paper, as Housing Minister Gavin Barwell announced a new focus on delivering affordable homes for renters.

While there will be continued efforts to make homeownership available for everyone and to halt the declining number of homeowners, Mr Barwell said that there will be emphasis on producing more Build-to-Rent properties and minimum tenancies to the market.

 

As an estimated 4.3 million are renting privately in the UK, the government will also produce procedures to support tenants that are facing unaffordable costs.

 

The package of measures is aimed at boosting investment in the construction of affordable homes, which are defined as being at least 20% below market value. The White Paper is also expected to encourage local councils to become more involved in backing the provision of new affordable housing.

 

The new focus on rental properties has been welcomed by industry professionals, with Rico Wojtulewicz of the House Builders’ Association saying the initiative can help small and medium enterprises to deliver ‘the right type of homes in the right areas’.

 

Commenting on the upcoming White Paper, Mr Barwell said:

 

‘Whether you're trying to buy or you're trying to rent, housing in this country has become less and less affordable because for 30 or 40 years governments have not built enough homes and this White Paper is fundamentally trying to do something about that.’

 

In last year's Autumn Statement, Chancellor Philip Hammond vowed that the government would make the provision of new housing a top priority, tackling both properties for sale and for rent.

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