Chancellor Rachel Reeves says she will make 'hard choices' to ensure new homes are built Read more here 👉🏼 https://lnkd.in/e-6-gBXG
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While advocates suggest there's little cause for concern due to limited application, Mayor Woodward raises a critical question: why invest significant time and resources into developing a plan with potentially minimal impact? Unlike the positive outlook from the Housing Minister, Mayor Woodward shares his perspective on the logistical difficulties of implementing these significant policy shifts in Langley. Our hosts, Jas Oberoi and Maria Hussain, delve deep into the potential repercussions of Bills 44 and 47 from Mayor Woodward's viewpoint. As he unpacks the details and anticipated impacts of the legislation, he highlights the specific challenges faced by the Township of Langley and emphasizes the importance of considering local logistics and consultation before moving forward. The new episode is Live. 🔗 Visit the Link here to listen: https://lnkd.in/gW9chi8A Don't miss out on this vital conversation about the future of home ownership and how these new policies could affect you. #unpluggedpodcast #langleytownship #housingsupply #realestatebc #bill44
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The Select Committee's panel session on shared ownership with the Department for Levelling Up, Housing and Communities (18/12/23) raised as many questions as it answered. A few indicative examples follow.... Peter Williams has previously written that: "A crude estimate would suggest around 400,000 shared-ownership homes have been built in England and around half remain as SO". So, on what basis does Baroness Penn state that: "The majority of those homes where people sell or move out are remaining within the SO sector", and refer to: "a net gain in the number of affordable shared ownership homes available"? Existing data conflates 100% staircasing by a shared owner who continues to live in that home for the time being (a measure of affordability/success) with simultaneous sale and staircasing transactions (in many cases, a measure of unaffordability/failure). A reference to staircasing to 100% THEN selling (gain/loss on total value) raises a question as to whether DLUHC have fully taken on board key differences between this outcome and SIMULTANEOUS sale and staircasing transactions (higher legal fees due to complexity, but gain/loss on part share only), given the latter is reportedly more likely than the former. When it comes to gaps in provision of the material information necessary for informed decision-making, DLUHC highlighted the rent forecast in the new model lease as an example of good practice. In fact, it's a perfect example of poor practice... In providing an example of a year-1 rent rise of just £1.80 pcm, Appendix 2 of the new model lease misleadingly fails to convey potential long-term risks associated with compounding, inflation-plus, annual rent increases. DLUHC reiterated a focus on "continued improvement". However, there were a worrying number of assertions based purely on assumption, and/or with an overly short-term focus - the usual rhetoric about access to "home ownership", ignoring hazards arising from the nature of the tenure as an assured tenancy, and 100% liability for costs regardless of the size of the equity share (perhaps as low as 10% under the new model). Clive Betts MP is right to emphasise the paucity of data on long-term outcomes, and VFM. #sharedownership #affordablehomes #affordablehousing #ukhousing https://lnkd.in/e4tBKFqN
Parliamentlive.tv
parliamentlive.tv
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How do we fix our broken #highstreets? We start by making the problem bigger so we see the true scale and create the space for creativity and innovation. Making the problem small only leads us to 'pea shooter' responses that get us nowhere and deepen public disillusionment. Listen to my conversation with Mike Spicer and David Marlow on the always insightful LED confidential podcast.
How can we fix Britain's broken high streets? In our latest episode to drop today David Marlow and I talk to leading expert John P. Houghton about the forces reshaping these once-proud hubs of retail, and how we can re-imagine them as thriving spaces. We cover 👇 - How the scale of the high street crisis requires big, bold thinking and practice, not the pea-shooter options of a few free-parking spaces, or rates holidays for failing shops - How regeneration strategies should encompass town and city centres in their entirety, focusing on specific types of demand (e.g. students, elderly) and different purposes (e.g. leisure, public service hubs) in different quarters and character areas (e.g. heritage, green) - How we can glimpse the future not in one place, but in multiple projects and experiments currently being undertaken across the country, such as 'daylighting' of waterways - How the complexity and scale of the required regeneration efforts need meaningful devolution of powers and money to local government #highstreets #UKEconomy #LocalGovernment https://lnkd.in/e6FtddW9
How to fix the UK's high streets
https://spotify.com
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Shared owner responses to the LUHC Committee inquiry provide 'lived experience' insights into widely reported poor satisfaction ratings. However, the concern of those experiencing poor long-term outcomes is that there appears to be limited provider appetite for acknowledging and tackling flaws in the SO model, with an emphasis on growing the market on a 'business as usual' basis. The G15 submission outlines the underlying problem: "Measures that make the Shared Ownership product more affordable to the buyer/owner (lower rents on unsold equity, lower shares purchased, £500 towards maintenance) have a negative impact on income to the Housing Association." The G15 does flag up a need for: "additional grants / subsidies to ensure a strong supply of new affordable homes". But it is far from clear whether this includes measures to improve affordability for shared owners, or simply the development of more social rental homes....?
Differences in emphasis between written evidence submitted to the LUHC Committee inquiry into SO from HAs, and from a shared owner perspective, were largely replicated in the first and second oral evidence sessions. The focus of HAs appears largely on market demand and access to home ownership. Shared owners clearly become more interested - over time - in ongoing affordability, VFM, exit routes and transition to full home ownership. Shared Ownership Resources welcomes Stanimira Milcheva's emphasis on the need to: "shed further light on the question of affordability and wealth accumulation of shared owners". #sharedownership #affordablehousing #affordablehomes #housingassociations Both panel sessions available via the link below. https://lnkd.in/eah83_p8
Parliamentlive.tv
parliamentlive.tv
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While advocates suggest there's little cause for concern due to limited application, Mayor Woodward raises a critical question: why invest significant time and resources into developing a plan with potentially minimal impact? Unlike the positive outlook from the Housing Minister, Mayor Woodward shares his perspective on the logistical difficulties of implementing these significant policy shifts in Langley. Our hosts, Jas Oberoi and Maria Hussain, delve deep into the potential repercussions of Bills 44 and 47 from Mayor Woodward's viewpoint. As he unpacks the details and anticipated impacts of the legislation, he highlights the specific challenges faced by the Township of Langley and emphasizes the importance of considering local logistics and consultation before moving forward. The new episode is Live. 🔗 Visit the Link here to listen: https://lnkd.in/g7db2yyw Don't miss out on this vital conversation about the future of home ownership and how these new policies could affect you. #unpluggedpodcast #langleytownship #housingsupply #realestatebc #bill44
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"We need a thriving private rented sector" Our CEO Ben Beadle was interviewed on Times Radio this week, in a special programme shining the spotlight on the rental market. 🏘️ With demand for rental properties sky-high, Ben explained what Minister's can do to tackle the current supply and demand imbalance in the private rented sector. Ben also spoke about the challenges landlords face, such as increased regulation and rising costs. 📢 The NRLA is calling for Minister's to undertake a full review of the impact of tax rises on the sector and develop new, pro-growth policies to encourage investment in PRS homes to rent. ▶️ Listen from 8 minutes: https://lnkd.in/e69prHPD #NRLA #TimesRadio #coverage #membership #landlords #property #propertyinvestment #privaterentedsector #housing
Ed Vaizey: Life and Times | Times Radio | The Times and the Sunday Times
thetimes.co.uk
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Revocable living trusts. What are they, and why do you need one? We give you the definition in today’s graphic. To learn more about revocable living trust, reach out to our office. 📲(703) 490-0901 #estateplanning #planahead #revocablelivingtrust #legacyestateplanning
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How can we fix Britain's broken high streets? In our latest episode to drop today David Marlow and I talk to leading expert John P. Houghton about the forces reshaping these once-proud hubs of retail, and how we can re-imagine them as thriving spaces. We cover 👇 - How the scale of the high street crisis requires big, bold thinking and practice, not the pea-shooter options of a few free-parking spaces, or rates holidays for failing shops - How regeneration strategies should encompass town and city centres in their entirety, focusing on specific types of demand (e.g. students, elderly) and different purposes (e.g. leisure, public service hubs) in different quarters and character areas (e.g. heritage, green) - How we can glimpse the future not in one place, but in multiple projects and experiments currently being undertaken across the country, such as 'daylighting' of waterways - How the complexity and scale of the required regeneration efforts need meaningful devolution of powers and money to local government #highstreets #UKEconomy #LocalGovernment https://lnkd.in/e6FtddW9
How to fix the UK's high streets
https://spotify.com
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Modern new town promises vs reality set out starkly on Look East tonight at 'Wixams' nr Bedford - all the homes and none of the facilities residents were promised. Still no station, still no healthcare. This is what Keir Starmer will have to tackle - how to finance a new town. And each new town will need significant government funding to succeed. c£1bn per new town. (We calculated £1.5bn for 24,000-home West Tey, over and above developer contributions, to meet promises, and that was in a low interest rate environment) https://lnkd.in/etuSCG7w
BBC One - Look East, Evening News
bbc.co.uk
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