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Home > News > Government pledges 1.5 million new homes within five years

Government pledges 1.5 million new homes within five years

The new government has announced that it will reform planning laws and introduce new measures to ease the housing crisis by delivering 1.5 million new homes over the next five years.

There will be an emphasis on building more affordable homes and helping first time buyers to get on the property ladder.

The proposals were announced in the King’s Speech.

Few details have been released so far but the changes will be implemented through the Planning and Infrastructure Bill.

The Bill is intended to deliver on pledges made by the Labour Party in its election manifesto, which said: “Labour will get Britain building again, creating jobs across England, with 1.5 million new homes over the next parliament.

“We will work with local authorities to give first-time buyers the first chance to buy homes and end the farce of entire developments being sold off to international investors before houses are even built.

“And we will introduce a permanent, comprehensive mortgage guarantee scheme, to support first-time buyers who struggle to save for a large deposit, with lower mortgage costs.”

The government said it would update the National Policy Planning Framework and restore mandatory housing targets.

“We will take tough action to ensure that planning authorities have up-to-date Local Plans and reform and strengthen the presumption in favour of sustainable development.

“We will ensure local communities continue to shape housebuilding in their area, but where necessary Labour will not be afraid to make full use of intervention powers to build the houses we need.

“We will strengthen planning obligations to ensure new developments provide more affordable homes; make changes to the Affordable Homes Programme to ensure that it delivers more homes from existing funding; and support councils and housing associations to build their capacity and make a greater contribution to affordable housing supply.

“We will take steps to ensure we are building more high-quality, well-designed, and sustainable homes and creating places that increase climate resilience and promote nature recovery.”

We shall keep clients informed of developments.

Please contact us if you would like advice about the legal aspects of buying or selling a home.

Collins Solicitors
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