North East Connected

Historic Housing and Planning Bill will transform generation rent into generation buy

s300_New_housing_960x640New Housing and Planning Bill has been introduced to Parliament by the government.

The government’s new Housing and Planning Bill marks the start of a national crusade to transform generation rent into generation buy, Housing Minister Brandon Lewis announced today (13 October 2015).

The minister said today’s publication sent a clear signal that the government would keep the country building while giving hard-working families every opportunity to unlock the door to home ownership.

Housing Minister Brandon Lewis said:

As a one nation government we’re determined that anybody who works hard and aspires to own their own home has the opportunity to do so.

More than 230,000 households have been helped into homeownership through government-backed schemes since 2010, while our extension to the Right to Buy will see a further 1.3 million housing association tenants given the opportunity to own their own home.

And the Housing Bill will allow us go even further by kick-starting a national crusade to get 1 million homes built by 2020. It truly is an historic moment that will help deliver the homes hard-working people rightly deserve, transforming generation rent into generation buy.

Measures include:

Publication of the Bill comes just days after the government reached an historic deal with housing associations to extend the Right to Buy to 1.3 million housing association tenants from as early as next year.

The government has also recently announced new measures that will make it easier to turn underused office buildings into new homes.

In addition, a new website has been launched this week to help aspiring homeowners achieve their dream of home ownership.

According to the British Social Attitudes Survey, 86% of people aspire to own their own home, and the new Own Your Home campaign will help direct people to the best scheme tailored made for their needs.

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