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Housing Association latest news and information.

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housing taxes

A housing tax overhaul including ending stamp duty on certain properties could rebalance the UK housing market and reignite activity across all tenures.

New figures show that nearly half of respondents to the RICS Residential Market Survey suggest using tax incentives to encourage downsizing, while making changes to Stamp Duty and Council Tax would help thousands more young people realise their dream of owning their own home.

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importance of housing associations for society.

Housing associations provide two and a half million homes for more than five million people. This infographic explores the importance of housing associations for society.

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More than 150,000 homes for social rent lost in just five years

More than 150,000 of the most affordable rented homes have been lost across England in just five years, according to analysis from the Chartered Institute of Housing (CIH).

The organisation is predicting that loss will reach 230,000 by 2020 – making it increasingly difficult for people on lower incomes to access a decent home at a price they can afford.

CIH argues that ministers must focus on affordability as well as building more homes to fix the country’s broken housing market. The government should take an urgent look at shifting funding from the private market towards genuinely affordable housing, said chief executive Terrie Alafat CBE.

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More than 1.2 million people have opened Help to Buy ISA accounts so far. The average Help to Buy bonus claim reaches £800, a new record.

 

More than 420,000 people have now used the government’s Help to Buy schemes to help them realise their home-owning dreams, new figures show.

First-time buyers continue to open new Help to Buy: ISA accounts, with more than 1.2 million accounts now opened, offering government bonuses of up to £3,000 on top of their savings.

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Modular off-site construction methods hold potential to solve the UK’s crippling housing shortage, according to the Institution of Mechanical Engineers (IME).

Modular off-site construction methods hold potential to solve the UK’s crippling housing shortage, according to the Institution of Mechanical Engineers (IME).

 

A report, entitled “The UK House Building: Manufacturing Affordable Quality Homes” is urging the Government to provide greater incentives for the offsite construction of homes. The report also calls for a reverse of policies which they feel discourage the construction of quality, sustainable housing. The report suggests that greater efforts should be made to diversify the UK house building sector, such as opening up opportunities to self-builders, local authorities and housing associations.

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Brexit

With Brexit yet again hitting the news, how will the delivery of much needed social housing be affected? Joe Bradbury of Housing Association Magazine investigates.

With them impending withdrawal of the UK from the EU looming large, Brexit is once again making the headlines as we rapidly close in on the 29th March 2019 deadline.

This time the crux of the Brexit debate is centred on the potential implications of the UK leaving the EU without any kind of deal in place by this date.

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Council Tax premiums on homes left empty

Councils across England will have powers to charge even greater Council Tax premiums on homes left empty for many years following an amendment to a government bill.

Introduced in March, this legislation originally contained provision for councils to double the rate of tax on properties that had been empty for 2 years or more.

The government is now going further and introducing an amendment that would allow councils to triple the council tax on homes left empty for five to 10 years and quadruple it on those empty for more than a decade.

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