Government to reclassify housing associations as private

Government to reclassify housing associations as private

Communities secretary Sajid Javid has announced that the government will reclassify housing associations as private organisations, with the aim to boost housebuilding in this sector.

Giving a speech at the Temple Meads Quarter in Bristol on the housing market, Javid said that in reclassifying housing associations as private sector organisations, the government would be “taking them out of the public sector and off the government’s balance sheet”.

Javid noted that housing associations were run like big businesses, with assets worth around £140 billion. Yet they delivered “an incredible social good, providing good quality homes for millions of people right across the country. Freed from the distractions of the public sector, housing associations will be able to concentrate on developing innovative ways of doing their business, which is what matters most: building more homes.

As part of his speech, the communities secretary also said that it would intervene in the work of 15 local authorities who had failed to get a local plan adopted. Javid said that he would begin the formal process of intervention as set out in the Housing White Paper. “By failing to plan, they [local authorities] have failed the people they are meant to serve,” he said. Out of more than 70 authorities without a local plan in place, these 15 were "showing particular cause for concern".


Javid also said: “The generation crying out for help with housing is not over-entitled. They don’t want the world handed to them on a plate. They want simple fairness, moral justice, the opportunity to play by the same rules enjoyed by those who came before them. Without affordable, secure, safe housing we risk creating a rootless generation, drifting from one short-term tenancy to the next, never staying long enough to play a role in their community.

We must fix the broken housing market, and we must fix it now. Tomorrow will be too late. February’s White Paper, that set out our broad vision for doing so, described the scale of the challenge and the need for action on many fronts.

Since then we’ve been putting it into action, laying the foundations for hundreds of thousands of new homes.

But I’m about as far from complacent as it’s possible to get.”

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Tony Gimple
Tony Gimple 09 Dec 2017

Linking professionalism to limited company borrowing is a flawed concept. Despite S24 etc., limited companies are the most tax inefficient way of running a property business and leave borrowers seriously...

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Evelyn Attwood
Evelyn Attwood 01 Dec 2017

It's normal. If you plan to buy a house in one of the most beautiful spots in the country you should pay a high price.

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Evelyn Attwood
Evelyn Attwood 01 Dec 2017

I think that the situation will be the same at December.

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Scott Garnet
Scott Garnet 06 Nov 2017

If you have a patio or a porch it is important to make sure that any connecting doors are secured. Good advice for sliding glass doors is replacing the panels with storm resistant glass and getting heavier...

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richardrawlings
richardrawlings 01 Nov 2017

What has not been mentioned here is the effect of not only higher interest payments, but also that these payments are less likely to be offsettable as a business cost due to the scaling back of mortgage...

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Kelvin Lloyd
Kelvin Lloyd 09 Oct 2017

IT is up, to the Planners. If they will only give permission for bungalows on certain (suitable) sites, they will be built.

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maggie swift
maggie swift 09 Oct 2017

It's just the beginning of the shocking rise.

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maggie swift
maggie swift 09 Oct 2017

I have recently read that the bungalows can provide social housing for elderly residents in London.

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zoe glover
zoe glover 05 Oct 2017

Update! Worst company I have ever dealt with. Undervalued a Cambridge property by over 100k, wont take on any evidence of valuation including a RICS valuation done 3 years ago for the very same value...

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Paul Edwards
Paul Edwards 27 Sep 2017

Its nonsense articles such as this that make it harder to get clients to realise just how difficult the market is out there. When you see Rightmove and there are more 'price reduced' then 'new' most days...

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Tom Allen
Tom Allen 20 Sep 2017

Absolutely agree with you!

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RyanGeo
RyanGeo 18 Sep 2017

A sharp correction would be a less dramatic expression to use. That is already underway in certain sectors in Reading where I practice as Chartered Surveyor

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