New government set to make homes more affordable

The newly appointed majority Conservative Government has made various pledges towards the provision of affordable housing, with these pledges being reiterated by Queen Elizabeth in her speech at the formal State Opening of the Houses of Parliament.

In her speech, the Queen detailed how the Government will henceforth be making further strides towards affordable housing through the abolition of no-fault evictions while also imposing a lifetime deposit scheme for renters so that their deposits can carry over between properties, saving tenants money and giving them more freedom.

Adding to this, the Queen’s speech likewise referred to the renewal of the Affordable Housing Programme while also detailing the new 30 per cent discount which will be available to first time buyers under the new government through the contributions of property developers.

In her speech at the formal State Opening of the Houses of Parliament the Queen declared: “New measures will be brought forward, to protect tenants and to improve building safety. My government will take steps to support home ownership, including by making homes available at a discount for local first-time buyers.”

The Housing Secretary, Rt Hon Robert Jenrick MP responded: “The announcements made in the Queen’s Speech today will empower both home-buyers and renters. The legislation that we will bring forward will provide a better deal for renters through our lifetime deposit scheme while also protecting them from no fault evictions.

“We will also help first-time buyers get a foot on the property market with 30 per cent discounts for local people and key workers. We are moving forward with legislation to set ground rents to zero, abolish leasehold houses and prioritise the safety of residents with the biggest change to building safety laws for 40 years.

“I look forward to getting on with this ambitious and exciting agenda.”

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