The Queen’s Speech 2021 – What Does it Say About the Property Sector?
A change to the planning laws, action on ground rents and consultation on abolishing Section 21 evictions were among the policies outlined to parliament in the Queen’s Speech on 11 May.
In the words of the speech: “My government will help more people to own their own home whilst enhancing the rights of those who rent. Laws to modernise the planning system, so that more homes can be built, will be brought forward, along with measures to end the practice of ground rents for new leasehold properties. My ministers will establish in law a new Building Safety Regulator to ensure that the tragedies of the past are never repeated.”
Campaigners have called for some time to see changes to the leasehold system in England, particularly regarding escalating ground rents. The Queen’s Speech confirmed the leasehold reforms announced by Housing Secretary, Robert Jenrick, earlier in the year.
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Following the dangers of unsafe cladding on buildings, highlighted by the Grenfell Tower tragedy, the Building Safety Bill will establish a new regulator while making substantial reforms to the building safety regime.
A key announcement in the speech was a new planning bill, designed to speed up the planning permission process, so more homes can be built, while making it harder for homeowners to block developments.
Consultation on reforms to abolish Section 21 will be published later this year. The government’s proposed ‘lifetime’ tenancy deposit scheme, allowing tenants to take their deposit with them when they move properties, will also be introduced. A white paper on the renter reforms is due this autumn with legislation to follow.
Commenting on measures affecting renters, Timothy Douglas, policy and campaigns manager at Propertymark, said: “The announcement in today’s Queen’s Speech that the UK government will publish a renters reform white paper in the autumn demonstrates that ministers are prepared to engage with the industry to understand the impact any substantial legislative changes will have on those involved in the private rented sector.”
Read more about the Queen’s Speech on the Properytmark website.