1) The document discusses generational divides in the UK housing market. It notes differences between generations in how they communicate (e.g. Maturists preferring letters, Generation Z preferring social media), key life events they experienced, and attitudes towards work and careers.
2) Data is presented on shifts in housing tenure over the past decade, showing increases in home ownership among older age groups and private renting among younger groups. Charts compare housing wealth and costs between age groups.
3) The document considers some of the challenges facing different generations in the housing market, and outlines recent and potential future policy changes aimed at addressing issues like affordability for first-time buyers, buy-to-let investment
This document from Savills examines the UK housing market. It finds that national house prices were up 10.6% year-over-year and transactions increased 23% to 1.2 million per year. Mortgage lending and new home builds also increased. However, prices in prime central London rose just 0.4% in Q2. The document also analyzes housing affordability, the development pipeline, and policies to support the market such as Help to Buy and Build to Let.
Thinking about #buying your first #home?
This is the #seminar you can't afford to miss.
Did you know that #rent of $915.97 per month is the principle and interest payment on a #mortgage of $200,000?
Find out about:
• pre-approvals and rate guarantees
• cashback incentives
• 5% down payment financing options
• free 1 year UNIRISC Home Systems Warranty
Sign Up Today: http://snip.ly/eIv6
*Monthly principal payment based on a 25 years amortization of mortgage principal at a 5 years interest rate of 2.70%.
The document discusses rural broadband connectivity in Scotland, noting that while progress is being made to meet the Scottish Government's 2015 targets of 85% premises connected to next generation broadband and no area having slower than 2Mbps, there remains a "final 10%" without adequate connectivity. It suggests community-led broadband solutions could help provide access for this remaining group. Specifically, it advocates supporting communities to develop their own broadband infrastructure and sharing learning between different community approaches. The document provides contact information for the author to discuss this issue further.
The document discusses the changing rental landscape in the UK. Key points include:
- Home ownership has increased due to government policy focus and rising house prices, leaving fewer people renting.
- Younger age groups have significantly decreased rates of home ownership and increased rates of renting compared to a decade ago.
- Rental affordability is a growing issue, with rents rising faster than incomes in many areas.
- Younger renters seek shorter tenancies with flexibility but still value security of tenure.
- Improving standards of rented properties and reducing the impact of rogue landlords are ongoing challenges in the market.
The document summarizes recent changes to federal estate, gift, and generation-skipping transfer tax laws, and implications for estate planning. The federal estate and gift tax exemption was made permanent at $5.25 million per person but will be adjusted for inflation. This means fewer estates will owe estate taxes, and more lifetime gifting will occur. The generation-skipping transfer tax exemption was also set at $5.25 million. The top transfer tax rate increased to 40%. Portability of exemptions between spouses continues to benefit married couples. The document stresses starting succession planning discussions now to decide how to pass on a farm or business.
This document advertises new one and two bedroom apartments for sale in the Mast House Building located in Greenwich Millennium Village. The apartments feature striking architecture, larger than average sizes, balconies or terraces, and superb specification throughout. The development is surrounded by acres of parkland and an ecology park, and has excellent transport connections with only a one stop connection to Canary Wharf by public transit. Prices for the available apartments range from £349,950 to £900,000.
Kensington property investors network meeting march 9 2016Essie Barnett
Rents in London started 2016 down 1% month-over-month but up 6% year-over-year. The document discusses how the Consumer Protection from Unfair Trading Regulations affects landlords by requiring them to disclose information material to a tenant's rental decision. It notes that breaches can result in fines or imprisonment but non-disclosure is only illegal if it distorts a typical tenant's behavior. The newsletter also mentions updates to right-to-rent immigration laws protecting landlords, a new free tenancy deposit protection scheme, and potential new local landlord licensing powers in London.
1) The document discusses generational divides in the UK housing market. It notes differences between generations in how they communicate (e.g. Maturists preferring letters, Generation Z preferring social media), key life events they experienced, and attitudes towards work and careers.
2) Data is presented on shifts in housing tenure over the past decade, showing increases in home ownership among older age groups and private renting among younger groups. Charts compare housing wealth and costs between age groups.
3) The document considers some of the challenges facing different generations in the housing market, and outlines recent and potential future policy changes aimed at addressing issues like affordability for first-time buyers, buy-to-let investment
This document from Savills examines the UK housing market. It finds that national house prices were up 10.6% year-over-year and transactions increased 23% to 1.2 million per year. Mortgage lending and new home builds also increased. However, prices in prime central London rose just 0.4% in Q2. The document also analyzes housing affordability, the development pipeline, and policies to support the market such as Help to Buy and Build to Let.
Thinking about #buying your first #home?
This is the #seminar you can't afford to miss.
Did you know that #rent of $915.97 per month is the principle and interest payment on a #mortgage of $200,000?
Find out about:
• pre-approvals and rate guarantees
• cashback incentives
• 5% down payment financing options
• free 1 year UNIRISC Home Systems Warranty
Sign Up Today: http://snip.ly/eIv6
*Monthly principal payment based on a 25 years amortization of mortgage principal at a 5 years interest rate of 2.70%.
The document discusses rural broadband connectivity in Scotland, noting that while progress is being made to meet the Scottish Government's 2015 targets of 85% premises connected to next generation broadband and no area having slower than 2Mbps, there remains a "final 10%" without adequate connectivity. It suggests community-led broadband solutions could help provide access for this remaining group. Specifically, it advocates supporting communities to develop their own broadband infrastructure and sharing learning between different community approaches. The document provides contact information for the author to discuss this issue further.
The document discusses the changing rental landscape in the UK. Key points include:
- Home ownership has increased due to government policy focus and rising house prices, leaving fewer people renting.
- Younger age groups have significantly decreased rates of home ownership and increased rates of renting compared to a decade ago.
- Rental affordability is a growing issue, with rents rising faster than incomes in many areas.
- Younger renters seek shorter tenancies with flexibility but still value security of tenure.
- Improving standards of rented properties and reducing the impact of rogue landlords are ongoing challenges in the market.
The document summarizes recent changes to federal estate, gift, and generation-skipping transfer tax laws, and implications for estate planning. The federal estate and gift tax exemption was made permanent at $5.25 million per person but will be adjusted for inflation. This means fewer estates will owe estate taxes, and more lifetime gifting will occur. The generation-skipping transfer tax exemption was also set at $5.25 million. The top transfer tax rate increased to 40%. Portability of exemptions between spouses continues to benefit married couples. The document stresses starting succession planning discussions now to decide how to pass on a farm or business.
This document advertises new one and two bedroom apartments for sale in the Mast House Building located in Greenwich Millennium Village. The apartments feature striking architecture, larger than average sizes, balconies or terraces, and superb specification throughout. The development is surrounded by acres of parkland and an ecology park, and has excellent transport connections with only a one stop connection to Canary Wharf by public transit. Prices for the available apartments range from £349,950 to £900,000.
Kensington property investors network meeting march 9 2016Essie Barnett
Rents in London started 2016 down 1% month-over-month but up 6% year-over-year. The document discusses how the Consumer Protection from Unfair Trading Regulations affects landlords by requiring them to disclose information material to a tenant's rental decision. It notes that breaches can result in fines or imprisonment but non-disclosure is only illegal if it distorts a typical tenant's behavior. The newsletter also mentions updates to right-to-rent immigration laws protecting landlords, a new free tenancy deposit protection scheme, and potential new local landlord licensing powers in London.
DCLG Statistics User Engagement Day - English Housing SurveyDCLGStats
The English Housing Survey (EHS) collects data on English households through an interview survey and physical inspection of homes. It is led by the Department for Communities and Local Government (DCLG) and Department of Energy & Climate Change (DECC). The EHS includes over 13,000 household interviews and 6,200 physical surveys each year. It provides data on topics like tenure, housing costs, energy efficiency, and more. The data is used by government departments, academics, and others to inform policies related to housing, welfare, climate change, and other issues.
The document discusses how Independent Governance Committees (IGCs) can assess and present the value for money of pension policies to policyholders. It proposes calculating a value for money assessment by comparing total benefits to total costs, and weighting key services by importance. However, the authors note several potential conflicts of interest given IGC members are appointed and paid by providers. They suggest IGCs need to prioritize independence and consistently report assessments in an intuitive, engaging format to truly empower policyholders. The future may require IGCs to take a more proactive role advocating for policyholders' interests.
Place RESI 2015: Graham Stock and John Cooper, Deloitte Real EstatePlace North West
The document discusses planning and the housing market outlook for 2015 in the UK, with a focus on Manchester. It summarizes that the UK economy is improving. The North West region is experiencing an economic renaissance, led by Manchester, which is growing rapidly in population and economic outputs due to factors like graduate retention. However, Manchester faces challenges meeting housing demand, with over 60,000 new units needed by 2027. Recent development commitments and planned areas could help address this, but rising land values pose issues. Devolution of powers and upcoming planning frameworks may also shape future development as the region works to sustain growth.
The document discusses creating a value for money assessment for pension policies that provides meaningful analysis to policyholders. It outlines key benefits expected from pension policies, such as funds to save into and policyholder support. It also discusses calculating value for money by comparing costs like fees to weighted benefits and services. The document raises concerns about potential conflicts of interest for some independent governance committees and a lack of consistent annual reporting across insurers. It envisions how pension savings could be invested in infrastructure and used to fund housing and regeneration projects in the future.
Many older people have equity tied up in their homes that could be used to provide them with a greater income in later life and improve their standard of living. Traditionally, the ways to unlock the equity in people’s homes have been through downsizing, equity release lifetime loans or home reversion plans. However, not everyone is in a position to downsize, there are pros and cons to each approach, and all have associated costs.
The Equity Bank would provide a new way for people to unlock the equity in their home. It would be a state agency which provides people with a low cost fixed lifetime income in exchange for a fixed share of the equity in their home. The Equity Bank would take a charge on the person’s home and recover the value of the equity from the person’s estate after their death.
The event was chaired by Baroness Sally Greengross, Chief Executive of the ILC-UK. Nick Kirwan, Director of the ILC-UK Care Funding Advice Network, opened the discussion. Professor Les Mayhew of Cass Business School and co-author of the paper 'The UK Equity Bank - Towards income security in old age' then presented the concept, after which Paul Burstow MP responded. There was then time for questions and a general discussion.
The document discusses a proposed UK Equity Bank that would allow homeowners aged 65+ to access equity in their homes to generate extra retirement income. It would work by the homeowner trading a portion of their home equity in exchange for an inflation-linked lifetime income from the bank. Upon the homeowner's death, the bank would recover the costs from the estate. The bank is proposed to address issues like income insecurity, isolation, and inability to pay for support as people age. It aims to better serve those with housing wealth but limited other assets or income. The document outlines how the bank could work, who it would target, potential administration models, and interactions with taxes and benefits.
Are you a landlord, or thinking of becoming one? Nockolds Solicitors and Mullucks Wells provided a free briefing on the key issues affecting the rental property market on April 18th 2012, find out more here.
Webinar: Track the living standards of low income householdsPolicy in Practice
Listen back to this Policy in Practice webinar to learn how to track living standards, see the impact of policy changes and visualise drivers of poverty.
Hear how Policy in Practice’s LIFT dashboard can help you tackle homelessness by:
- identifying who may be at risk of homelessness
- offering tailored messages to help you engage with those households
- tracking what happens to those households over time
Guest speaker, Chris Buckman from Exeter City Council will outline how they are using Policy in Practice's Low Income Family Tracker dashboard.
You will also hear how local authorities can explore their data over time to:
- Support vulnerable households as Universal Credit rolls out
- Spend their DHP money effectively
- Tackle arrears effectively
- Increase rates of employment
For more information contact hello@policyinpractice.co.uk or visit www.policyinpractice.co.uk
The document provides information about the Scottish Letting Day 2019 conference and exhibition, including details about sessions, speakers, and sponsors. It includes an agenda with sessions available to attend on topics like working with Universal Credit, energy performance certificates, and completing tax returns. One session provides tips from a self-made property investor, including strategies for success like getting rich slowly, understanding numbers, and leveraging debt. Another session discusses understanding Universal Credit, with information on resources available for landlords.
The document provides an overview of the Empty Homes Programme and progress in reducing empty homes in England. Some key points:
- Over 93,000 empty homes have been brought back into use since 2011, with more than 38,000 between 2012-2013.
- Challenges in the program include the time it takes to establish projects, negotiate with owners, and carry out enforcement procedures. Successes include refurbishing homes to a high quality and innovative identification of empty properties.
- Additional social benefits have resulted from the program like employment, training, and neighborhood renewal. However, measuring these softer outcomes is difficult and data is not consistently collected.
- Identifying empty homes and engaging owners
The document provides an overview of the Empty Homes Programme in the UK. Some key points:
- The number of empty homes has decreased by 14% between 2010-2012, with over 93,000 homes brought back into use since 2011.
- Challenges include the time it takes to establish projects, negotiate with owners, and carry out enforcement procedures. Successes include refurbishing homes to a high quality and innovative identification methods.
- There are opportunities to better measure wider social benefits like employment, training, and neighborhood renewal, and to promote best practices across the program. Identifying empty homes and engaging owners remains difficult due to limited resources and owners' reluctance.
The document provides information about Scottish Letting Day 2019, including the date, sponsors, and schedule of sessions. It also includes two presentations from the event. The first presentation discusses how property taxation has changed in recent years in Scotland and potential future changes. It outlines various taxes like LBTT, ADS, and interest deductions that impact landlords. The second presentation is from Paragon Bank and discusses their portfolio and non-portfolio buy-to-let mortgage options, including for limited companies, HMOs, and short-term finance products. It provides details on underwriting criteria and new products like options for expat landlords and holiday lets.
Top tips for Council new build: Hackney Council's Chartered Institute of Hous...jameswillsher
This document summarizes a presentation given by Hackney Council officials on their experience building over 220 new homes with plans for more. It discusses Hackney's housing stock and regeneration programs, the challenges of affordable housing and increasing supply, and strategies for developing new homes, managing existing housing, and addressing wider housing issues through partnerships with developers and changes to national policy.
This document provides an agenda and overview for a landlords conference being held in Wolverhampton on October 18, 2012. The conference will cover topics like welfare reform, tenancy deposits, property conditions, energy efficiency initiatives, fire safety, and landlord accreditation. It encourages private landlords to work with the local council to improve housing quality and regulation while emphasizing health, safety and wellbeing. Landlords are invited to get involved through various engagement opportunities. The conference aims to benefit both landlords and tenants by promoting investment, opportunities and prosperity for all in Wolverhampton.
DCLG Statistics User Engagement Day - Social Housing Sales and LettingsDCLGStats
This document provides information about affordable housing data and statistics in the UK. It begins by defining affordable housing and its categories under the National Planning Policy Framework. It then describes the various data sources for affordable housing, including the Homes and Communities Agency, Greater London Authority, and local authorities. It explains that these organizations publish statistics on affordable housing starts and completions at the local authority level. Finally, it provides details on how these statistics can be accessed on the respective organization's websites through statistical releases, tables and other resources.
Understanding the impact of welfare reforms on households in the South EastPolicy in Practice
With the lower Benefit Cap coming in Autumn 2016 and Universal Credit firmly in its implementation phase, knowing what impact welfare reform policies will have on individual households is more critical than ever.
It’s also important to understand the impact of interventions. Targeting support to those households where it will have the greatest impact is crucial as local authorities continue to find ways to deliver more with less.
This Policy in Practice seminar from Wednesday 28 September 2016 showcased pioneering work being done by two London councils, Croydon and Tower Hamlets. Their work combines pre-emptive analysis with proactive programmes that will reach out to households and offer support, before reforms hit them.
Session 2 delivering a channel shift - phil pavittDigital Leaders
Phil Pavitt discusses HMRC's efforts to shift customers to online services. HMRC already has mature online services for tax returns and receives over 70 million online returns annually. It aims to further develop digital services like "OneClick" to help achieve its strategic goals while understanding the needs of customers who cannot access digital services. HMRC takes a non-"one size fits all" approach and will continue supporting customers unable to use online options.
Stephen Baker outlines the services provided by local governments and their complex operating environment with many partners. Moving services digital provides benefits like being quicker and more accessible but challenges like resources must be addressed. Leadership, a culture change, broadband access, and "assisted digital" support are keys to successful
Are you up to date with industry regulations and legislations?
Seasoned landlord and NLA representative, Richard Blanco, gives a useful regulatory round-up of new legislation, including tax, immigration and mortgage changes.
The New (old) Planning for the Big Societyfutureoflondon
This document discusses several proposed policies in the Localism Bill related to community empowerment, including the Community Right to Buy public and private assets, the Neighbourhood Right to Plan, and the Right to Build housing. It outlines key questions around designating assets and areas, criteria for plans, oversight processes, funding support, and engaging local partners. It also presents examples of community land trusts and housing cooperatives in the UK and argues that these "self-organising" models could play a larger role in housing provision and placemaking if given greater access to land and support.
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
DCLG Statistics User Engagement Day - English Housing SurveyDCLGStats
The English Housing Survey (EHS) collects data on English households through an interview survey and physical inspection of homes. It is led by the Department for Communities and Local Government (DCLG) and Department of Energy & Climate Change (DECC). The EHS includes over 13,000 household interviews and 6,200 physical surveys each year. It provides data on topics like tenure, housing costs, energy efficiency, and more. The data is used by government departments, academics, and others to inform policies related to housing, welfare, climate change, and other issues.
The document discusses how Independent Governance Committees (IGCs) can assess and present the value for money of pension policies to policyholders. It proposes calculating a value for money assessment by comparing total benefits to total costs, and weighting key services by importance. However, the authors note several potential conflicts of interest given IGC members are appointed and paid by providers. They suggest IGCs need to prioritize independence and consistently report assessments in an intuitive, engaging format to truly empower policyholders. The future may require IGCs to take a more proactive role advocating for policyholders' interests.
Place RESI 2015: Graham Stock and John Cooper, Deloitte Real EstatePlace North West
The document discusses planning and the housing market outlook for 2015 in the UK, with a focus on Manchester. It summarizes that the UK economy is improving. The North West region is experiencing an economic renaissance, led by Manchester, which is growing rapidly in population and economic outputs due to factors like graduate retention. However, Manchester faces challenges meeting housing demand, with over 60,000 new units needed by 2027. Recent development commitments and planned areas could help address this, but rising land values pose issues. Devolution of powers and upcoming planning frameworks may also shape future development as the region works to sustain growth.
The document discusses creating a value for money assessment for pension policies that provides meaningful analysis to policyholders. It outlines key benefits expected from pension policies, such as funds to save into and policyholder support. It also discusses calculating value for money by comparing costs like fees to weighted benefits and services. The document raises concerns about potential conflicts of interest for some independent governance committees and a lack of consistent annual reporting across insurers. It envisions how pension savings could be invested in infrastructure and used to fund housing and regeneration projects in the future.
Many older people have equity tied up in their homes that could be used to provide them with a greater income in later life and improve their standard of living. Traditionally, the ways to unlock the equity in people’s homes have been through downsizing, equity release lifetime loans or home reversion plans. However, not everyone is in a position to downsize, there are pros and cons to each approach, and all have associated costs.
The Equity Bank would provide a new way for people to unlock the equity in their home. It would be a state agency which provides people with a low cost fixed lifetime income in exchange for a fixed share of the equity in their home. The Equity Bank would take a charge on the person’s home and recover the value of the equity from the person’s estate after their death.
The event was chaired by Baroness Sally Greengross, Chief Executive of the ILC-UK. Nick Kirwan, Director of the ILC-UK Care Funding Advice Network, opened the discussion. Professor Les Mayhew of Cass Business School and co-author of the paper 'The UK Equity Bank - Towards income security in old age' then presented the concept, after which Paul Burstow MP responded. There was then time for questions and a general discussion.
The document discusses a proposed UK Equity Bank that would allow homeowners aged 65+ to access equity in their homes to generate extra retirement income. It would work by the homeowner trading a portion of their home equity in exchange for an inflation-linked lifetime income from the bank. Upon the homeowner's death, the bank would recover the costs from the estate. The bank is proposed to address issues like income insecurity, isolation, and inability to pay for support as people age. It aims to better serve those with housing wealth but limited other assets or income. The document outlines how the bank could work, who it would target, potential administration models, and interactions with taxes and benefits.
Are you a landlord, or thinking of becoming one? Nockolds Solicitors and Mullucks Wells provided a free briefing on the key issues affecting the rental property market on April 18th 2012, find out more here.
Webinar: Track the living standards of low income householdsPolicy in Practice
Listen back to this Policy in Practice webinar to learn how to track living standards, see the impact of policy changes and visualise drivers of poverty.
Hear how Policy in Practice’s LIFT dashboard can help you tackle homelessness by:
- identifying who may be at risk of homelessness
- offering tailored messages to help you engage with those households
- tracking what happens to those households over time
Guest speaker, Chris Buckman from Exeter City Council will outline how they are using Policy in Practice's Low Income Family Tracker dashboard.
You will also hear how local authorities can explore their data over time to:
- Support vulnerable households as Universal Credit rolls out
- Spend their DHP money effectively
- Tackle arrears effectively
- Increase rates of employment
For more information contact hello@policyinpractice.co.uk or visit www.policyinpractice.co.uk
The document provides information about the Scottish Letting Day 2019 conference and exhibition, including details about sessions, speakers, and sponsors. It includes an agenda with sessions available to attend on topics like working with Universal Credit, energy performance certificates, and completing tax returns. One session provides tips from a self-made property investor, including strategies for success like getting rich slowly, understanding numbers, and leveraging debt. Another session discusses understanding Universal Credit, with information on resources available for landlords.
The document provides an overview of the Empty Homes Programme and progress in reducing empty homes in England. Some key points:
- Over 93,000 empty homes have been brought back into use since 2011, with more than 38,000 between 2012-2013.
- Challenges in the program include the time it takes to establish projects, negotiate with owners, and carry out enforcement procedures. Successes include refurbishing homes to a high quality and innovative identification of empty properties.
- Additional social benefits have resulted from the program like employment, training, and neighborhood renewal. However, measuring these softer outcomes is difficult and data is not consistently collected.
- Identifying empty homes and engaging owners
The document provides an overview of the Empty Homes Programme in the UK. Some key points:
- The number of empty homes has decreased by 14% between 2010-2012, with over 93,000 homes brought back into use since 2011.
- Challenges include the time it takes to establish projects, negotiate with owners, and carry out enforcement procedures. Successes include refurbishing homes to a high quality and innovative identification methods.
- There are opportunities to better measure wider social benefits like employment, training, and neighborhood renewal, and to promote best practices across the program. Identifying empty homes and engaging owners remains difficult due to limited resources and owners' reluctance.
The document provides information about Scottish Letting Day 2019, including the date, sponsors, and schedule of sessions. It also includes two presentations from the event. The first presentation discusses how property taxation has changed in recent years in Scotland and potential future changes. It outlines various taxes like LBTT, ADS, and interest deductions that impact landlords. The second presentation is from Paragon Bank and discusses their portfolio and non-portfolio buy-to-let mortgage options, including for limited companies, HMOs, and short-term finance products. It provides details on underwriting criteria and new products like options for expat landlords and holiday lets.
Top tips for Council new build: Hackney Council's Chartered Institute of Hous...jameswillsher
This document summarizes a presentation given by Hackney Council officials on their experience building over 220 new homes with plans for more. It discusses Hackney's housing stock and regeneration programs, the challenges of affordable housing and increasing supply, and strategies for developing new homes, managing existing housing, and addressing wider housing issues through partnerships with developers and changes to national policy.
This document provides an agenda and overview for a landlords conference being held in Wolverhampton on October 18, 2012. The conference will cover topics like welfare reform, tenancy deposits, property conditions, energy efficiency initiatives, fire safety, and landlord accreditation. It encourages private landlords to work with the local council to improve housing quality and regulation while emphasizing health, safety and wellbeing. Landlords are invited to get involved through various engagement opportunities. The conference aims to benefit both landlords and tenants by promoting investment, opportunities and prosperity for all in Wolverhampton.
DCLG Statistics User Engagement Day - Social Housing Sales and LettingsDCLGStats
This document provides information about affordable housing data and statistics in the UK. It begins by defining affordable housing and its categories under the National Planning Policy Framework. It then describes the various data sources for affordable housing, including the Homes and Communities Agency, Greater London Authority, and local authorities. It explains that these organizations publish statistics on affordable housing starts and completions at the local authority level. Finally, it provides details on how these statistics can be accessed on the respective organization's websites through statistical releases, tables and other resources.
Understanding the impact of welfare reforms on households in the South EastPolicy in Practice
With the lower Benefit Cap coming in Autumn 2016 and Universal Credit firmly in its implementation phase, knowing what impact welfare reform policies will have on individual households is more critical than ever.
It’s also important to understand the impact of interventions. Targeting support to those households where it will have the greatest impact is crucial as local authorities continue to find ways to deliver more with less.
This Policy in Practice seminar from Wednesday 28 September 2016 showcased pioneering work being done by two London councils, Croydon and Tower Hamlets. Their work combines pre-emptive analysis with proactive programmes that will reach out to households and offer support, before reforms hit them.
Session 2 delivering a channel shift - phil pavittDigital Leaders
Phil Pavitt discusses HMRC's efforts to shift customers to online services. HMRC already has mature online services for tax returns and receives over 70 million online returns annually. It aims to further develop digital services like "OneClick" to help achieve its strategic goals while understanding the needs of customers who cannot access digital services. HMRC takes a non-"one size fits all" approach and will continue supporting customers unable to use online options.
Stephen Baker outlines the services provided by local governments and their complex operating environment with many partners. Moving services digital provides benefits like being quicker and more accessible but challenges like resources must be addressed. Leadership, a culture change, broadband access, and "assisted digital" support are keys to successful
Are you up to date with industry regulations and legislations?
Seasoned landlord and NLA representative, Richard Blanco, gives a useful regulatory round-up of new legislation, including tax, immigration and mortgage changes.
The New (old) Planning for the Big Societyfutureoflondon
This document discusses several proposed policies in the Localism Bill related to community empowerment, including the Community Right to Buy public and private assets, the Neighbourhood Right to Plan, and the Right to Build housing. It outlines key questions around designating assets and areas, criteria for plans, oversight processes, funding support, and engaging local partners. It also presents examples of community land trusts and housing cooperatives in the UK and argues that these "self-organising" models could play a larger role in housing provision and placemaking if given greater access to land and support.
Similar to Private Rented Housing : Is it fit for purpose, should it be controlled? (20)
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Dholera Smart City Latest Development Status 2024.pdfShivgan Infratech
Explore the latest development status of Dholera Smart City in 2024. Discover the progress, infrastructure, and future plans of India's first greenfield smart city.
Serviced Apartment Ho Chi Minh For RentalGVRenting
GVRenting is the leading rental real estate company in Vietnam. We help you to find a serviced apartment for rent in Ho Chi Minh & Saigon. Discover our broad range of rental properties in Vietnam.
For more details https://gvrenting.com/
AVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing TurkeyListing Turkey
Looking for a new home in Istanbul? Look no further than Avrupa Konutlari Esentepe! Our beautifully designed homes provide the perfect blend of luxury and comfort, making them the perfect choice for anyone looking for a high-quality home in the city.
With a wide range of apartment types available, from 1+1 to 4+1, we have something to suit every need and budget. Each apartment is designed with attention to detail and features spacious and bright living areas, making them the perfect place to relax and unwind after a long day.
One of the things that sets Avrupa Konutlari Esentepe apart from other developments is our focus on creating a community that is both comfortable and convenient. Our homes are surrounded by lush green spaces, perfect for enjoying a peaceful stroll or having a picnic with friends and family. Additionally, our complex includes a variety of social and recreational amenities, such as swimming pools, sports fields, and playgrounds, making it easy for residents to stay active and socialize with their neighbors.
https://listingturkey.com/property/avrupa-konutlari-esentepe/
Recent Trends Fueling The Surge in Farmhouse Demand in IndiaFarmland Bazaar
Embarking on the journey to acquire a farmhouse for sale is just the beginning; the real investment lies in crafting an environment that contributes to our mental and physical well-being while satisfying the soul. At Farmlandbazaar.com, India’s leading online marketplace dedicated to farm land, farmhouses, and agricultural lands, we understand the importance of transforming a humble farmland into a warm and inviting sanctuary. Let's explore the fundamental aspects that can elevate your farmhouse into a tranquil haven.
Stark Builders: Where Quality Meets Craftsmanship!shuilykhatunnil
At Stark Builders our vision is to redefine the renovation experience by combining both stunning design and high quality construction skills. We believe that by delivering both these key aspects together we are able to achieve incredible results for our clients and ensure every project reflects their vision and enhances their lifestyle.
Although we are not all related by blood we have created a team of highly professional and hardworking individuals who share the common goal of delivering beautiful and functional renovated spaces. Our tight nit team are able to work together in a way where we pour our passion into each and every project as we have a love for what we do. Building is our life.
BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...knox groups real estate
welcome to knox groups real estate company in Bangalore. best farm land for sale near Bangalore and madhugiri . Managed farmland near Kanakapura and Chickkabalapur get know more details about the projects .Knox groups is a leading real estate company dedicated to helping individuals and businesses navigate the dynamic real estate market. With our extensive knowledge, experience, and commitment to excellence, we deliver exceptional results for our clients. Discover the perfect foundation for your agricultural aspirations with KNOX Groups' prime farm lands. These aren't just plots; they're the fertile grounds where vibrant crops flourish, livestock thrives, and unique agricultural ventures come to life. At KNOX, we go beyond selling land we curate sustainable ecosystems, ensuring that your journey toward agricultural success is seamless and prosperous.
Private Rented Housing : Is it fit for purpose, should it be controlled?
1. Click to add title
Click to add subtitle
Click to insert presenter name and/or date
The private rented sector
Hexham Housing Debate
21/10/17
Brian Robson, Acting Head of Policy & Research
2.
3. What I’ll cover
• What purposes did we
have in mind for the
PRS?
• What purposes does it
now fulfil?
• Is it any good at them?
• Should it be controlled?
5. Why grow the PRS?
• ‘Wider choice for the
consumer’
• Greater private sector
investment in housing
• Concentrate supply in
places where need is
greatest
• Labour mobility/transitional
tenure
6. Today’s Private Rented Sector
Locked
out of
social
rent Transition
Locked out
of
ownership
7. Is it any good at what it does?
Access Affordability
Quality Stability
8. Access
Lots to choose from…
• c4.5m properties in the
PRS
• 182,273 properties for
rent on Right Move
10. Affordability
0
10
20
30
40
50
60
70
80
90
Owned with mortgage Social renters Private Renters
Percentageofpeoplespendingmorethan1/3of
netincomeonhousingcosts
Middle fifth Poorest fifth
Source: Households Below Average Income, DWP. The data is for UK, 2014/15
11.
12. Quality
0 5 10 15 20 25 30
%non-decent,England2015
Non-Decent Homes by tenure, England 2015
Private Rented Owner-occupied Social Sector
Source: English Housing Survey, DCLG. The data is for England, 2015
13. Stability
• Typically 6 or 12
month contract
• After initial period, 2
months notice
• Ability to evict with
‘no fault’ – section 21
16. Is it any good at what it does?
Access Affordability
Quality Stability
17. Should it be controlled?
Some regulation already exists:
- Selective licensing by local authorities
- Tenancy deposit schemes
- Some basic safety standards
- Register of rogue landlords
- Forthcoming ban on letting fees
- Redress scheme requirement
18. Should it be controlled?
We don’t back old-style rent controls:
• ‘Very significant’ risk of disinvestment
We’re more open to ‘rent smoothing’
• Scottish ‘Rent Pressure Zones’
• Ireland regulates frequency of increase
19. Other ideas
• Registration
• Incentives for landlords
• Social/ethical lettings agents
• Better enforcement
Ultimately
• #endthefreeze…
• Deliver 80k genuinely affordable homes pa
A quick word on JRF.
We exist to create a prosperous and poverty free UK, and we do that through research, policy and practice.
14m people in the UK living in poverty. Would be 3.5m lower if we looked at it before housing costs taken into account. Poverty levels in London double once housing costs are taken into account. So housing costs have a big impact on poverty levels – and this impact has been growing.
Housing tenure over time in England
Decline of the PRS to the late 1980s – 88 housing act deregulated: intended to reverse the decline and increase quality. Interestingly earlier attempts to bring in shorter tenancies in the early 80s (without deregulating rents) didn’t stem the decline.
Massive growth since then, and especially since 90s. Growth slow after deregulation (caution re policy stabilty – Kinnock)
Not an accident – a result of deliberate policy intervention (removing rent controls, development of buy-to-let as a proposition)
Regional picture different – PRS largest single tenure in London
4.5m households now in the PRS
Quote/reasons from 80s:
Wider choice for the consumer
Private sector investment
Market would allocate supply where supply greatest
Labour mobility / Transitional tenure – so typically young people leaving home, who don’t want to be tied down, wouldn’t qualify for social housing and who value the flexibility of private rent
1988 Housing Act deregulated the PRS. From January 1989, Especially for You number one, controls on rents removed and short-term assured shorthold tenancies introduced.
Julie Rugg – identified 11 niche markets.
My simplified version has just three:
Transition:
Students
Young professionals
People who rent at other stages in life by choice – labour mobility etc
Generally younger – 46% of those aged 25-34 live in the private rented sector
Locked out of social rent:
Housing benefit market (about 25% of all private renters)
Temporary accommodation/allocated via homelessness route
This is my concern at JRF – 4.5m people in the private rented sector in poverty.
Locked out of ownership
People who enter intending to transition but aren’t able to
Young people aged 25-34 : 10 years ago, 53% lived in ownership, now just 35%
Looking at future intentions:
59% of private renters intend to buy at some point in the future (2.6m households)
Only 25% within next two years
42% say 5 years plus.
In theory, there’s lots to choose from.
4.5m properties in the PRS in England
182,273 properties to let on Right Move yesterday, not counting all the other ways properties are brought to market
Big plus versus council housing – 1.2m on the waiting list
Shelter graphic which really effectively shows the barriers to access if you’re on a low income
- Demand – landlords can be choosy. We know their most desired client group are ‘young professionals’
- LHA rates – this is the amount of housing benefit you get to cover your rent. Only covers the bottom third of local theory in theory, so denies you access to the top two thirds right away, but been frozen since 2015 and wasn’t keeping up with rents before that, so that reduces your available properties still further and because the freeze is going to continue to 2020, that puts landlords off housing you, because they know you won’t be able to afford a rent rise
Administration – UC is administered nationally, not locally (for housing costs); delays commonplace
Prejudice – 63% would prefer not to let to LHA claimants; 40% of landlords say they wont let to people on housing benefit as a rule, some because of bad experience but a good proportion of those who’ve had no direct experience still say they won’t…
Deposits/guarantors – Zoopla say fees c£650, plus 4-6 weeks rent in advance
Costs of access - £676 – optimistic – Zoopla; Plus 4-6 weeks rent as a deposit (which you will get back eventually)
JRF’s view is that if you’re spending more than a third of your income on housing costs, that’s probably unaffordable. This is an internationally recognised rule of thumb.
This chart shows us the percentage of people in that position, by their housing tenure.
First let’s look at your ‘average’ person – the middle fifth of earners.
Owned with mortgage – just 3%
Social renters – slightly more – just 5%
Private renters – 30% of private renters on average incomes are spending more than 1/3 of their net income on housing costs
If we then look at the poorest fifth of earners – people living in, or near, poverty, we see a much starker picture:
Owned with mortgage – 27% spending more than 1/3
Social renters – 48% spending more than 1/3
Private renters – 73% spending more than 1/3 – nearly 3 out of four.
Private renters in poverty are the group who face the most acute housing affordability pressures. And the system we - as a nation - put in to support people with their housing costs, housing benefit, is failing. Rates have been frozen since 2015, they weren’t increasing in line with rents before that, so there’s now a growing gap between real rents, even in the bottom third of the market that housing benefit is supposed to cover, and support for housing costs.
And this is where we end up. People who haven’t got a lot of income in the first place having to dip into it to top up their housing benefit. Powerful quote from a guy in his 40s who ended up being evicted because he couldn’t make it work.
Government has defined a relatively basic Decent Homes Standard. It’s not a legal requirement, but there has been a big effort, particularly in the social rented sector, to bring properties up to this standard.
It’s pretty basic:
- meet the HHSRS minimum safety standards for housing
- be in a reasonable state of repair
- have reasonably modern facilities and services
- have a reasonable degree of thermal comfort (heating/insultation)
13% of social sector fails
18 of owner-occ
28 of PRS
Always higher for those in poverty, whatever tenure they’re in.
Note: 1/3 of private rented properties built pre-1919 – they are much older than owner-occ (20%) or social rented accom (6%).
Fine for a transitional tenure. But at a time when 36% of households in the PRS now contain kids.
Average length of tenancy at present is 4 years, but this masks a varied experience. There are 800k moves per year within the PRS – lot of churn, about 1 in 5 households.
Research by Cambridge University for JRF published earlier this year.
Growth in evictions, as the sector has grown – 40k of all type last year.
But change in the type of eviction used – growth has come from use of Section 21 ‘no fault’ eviction
Particularly concentrated in London and the SE – areas where rents have been rising. We think linked to benefit cuts.
Homelessness acceptances in England
End of AST
2009/10 – 4,600
2015/16 – 17,900
It can offer all these things. But they key to securing them is affordability.
The market is such that you can buy access, quality and stability if you need them. But without affordability, you’re more likely to be exposed in the other three areas.
Old-style rent controls – controls on the level of rents and their increase:
Cambridge found ‘very significant’ risk of disinvestment
Also risk of deterioration in property standards
Not effective unless you also do something on security of tenure.
We’re more open to rent smoothing
Scotland, from December, LA Rent Pressure Zones, once approved limit increases (likely to CPI + 1%)
Ireland regulates the frequency of increase but not the level (12 months, now 24).
Something along those lines more in the art of the possible.
- Registration : light touch, marry up TDS, recourse schemes etc. Give us better knowledge on the operation of the sector
- Incentives for landlords – drive positive behaviours (enabled by registration)
- Social/ethical lettings agents – Carla – huge potential; privately owned, socially allocated; research (Belgium)
Better enforcement – resourcing councils to use existing powers
Ultimately
Making PRS work for people in poverty starts with helping them pay the rent. Govt should end the freeze on housing benefit in November, reset to 30th centile and increase in line with local rents
Build the 80,000 genuinely affordable homes we need in England each year and reduce pressure on the PRS.