BPF slams &quotmuddled&quot government thinking

Published on

The British Property Federation has criticised the government’s policy on housing benefit

It argues that while cuts to housing benefits come into effect, resulting in a likely rise in demand for houses of multiple occupation (HMOs), article 4 directions prohibiting the construction of HMOs are ‘popping up left, right and centre’

The BPF says that planned changes to the Shared Accommodation Rate could see an estimated 88,000 25-to-34-year-olds dropped from a benefit rate designed to cover the cost of a one bedroom flat, to a rate that will only cover shared accommodation

Yet research shows local authorities up-and-down the country using article 4 directions to stop the construction of HMOs, which are already in short supply and likely to come under increased pressure as thousands of 25-to-34-year-olds search for somewhere to live after the housing benefit cuts come into effect

Ian Fletcher, director of policy at the British Property Federation, said: “The government’s policy on housing for young people is wholly contradictory at present

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...

FCA finds protection market delivering good outcomes, says TPFG

The Property Franchise Group PLC (TPFG) has responded to the publication of the Financial...

Conditional selling remains industry flashpoint as enforcement lags

Conditional selling remains one of the most persistent and contentious issues facing the UK...

Latest publication

Other news

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...