UK. Government have announced wide ranging changes to the planning system, allowing “fast track” permissions to convert retail premises which have outlived their use since the advent of COVID-19, into sorely needed residential stock.
In a wide-ranging re-jig of the whole system, Housing Secretary Robert Jenrick announced these plans due to become “live” this Autumn.
Additionally and more significantly, the Government are now looking to scrap the whole leasehold system. Plans outlining this are currently being prepared and due to be released this Autumn.
Professor Nick Hopkins, the Law Commissioner commented that “Commonhold involves a culture change. It would move away from an “us and them” mindset towards “us and ourselves”.
These changes are driven by Prime Minister, Boris Johnson’s desire to reform the whole property system and radically alter the continual decline in available residential stock over the past 10 years. Calling the new “incentive” project speed”, Boris Johnson stated that the Government’s objective is simple “build, build, build”.
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