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

Pepper Money reshapes sales leadership team

Pepper Money has made a series of changes to its sales leadership structure as...

Vida expands residential range and relaunches buy-to-let products

Vida Homeloans has expanded its lending proposition with the reintroduction of 20 residential products...

Gatehouse Bank joins The Right Mortgage panel

The Right Mortgage & Protection Network has added Gatehouse Bank to its lender panel,...

JammJar adds identity verification through Entrust partnership

JammJar has partnered with Entrust to allow mortgage brokers to complete automated identity verification...

Industry invited to shape next phase of inclusion research

Mortgage and protection professionals are being urged to contribute to a new study examining...

Latest publication

Other news

Pepper Money reshapes sales leadership team

Pepper Money has made a series of changes to its sales leadership structure as...

Vida expands residential range and relaunches buy-to-let products

Vida Homeloans has expanded its lending proposition with the reintroduction of 20 residential products...

Gatehouse Bank joins The Right Mortgage panel

The Right Mortgage & Protection Network has added Gatehouse Bank to its lender panel,...