View more on these topics

Osborne to shake up housebuilding with planning reforms

Chancellor George Osborne will today unveil a raft of new measures designed to boost housebuilding by reforming the planning system.

Under the new proposals, automatic planning permission would be granted on many brownfield sites in England, while major housing projects could be fast-tracked, and rules on extensions in London relaxed.

The reforms would also see planning powers devolved to mayors in London and Manchester, while enhanced compulsory purchase powers will allow more brownfield land to be made available for development.

There would also be new sanctions for councils that do not deal with planning applications quickly enough, and the Government would be able to intervene in councils’ local development plans.

The plans, which will need approval from parliament, build on promises in the Conservative manifesto to better utilise brownfield sites, which have previously been developed, but are now vacant or derelict.

During the election campaign the Tories promised to build 275,000 affordable homes during this parliament, while also creating a brownfield fund to unlock homes on brownfield land for additional housing.

They also want to ensure that 90 per cent of suitable brownfield sites have planning permission for housing by 2020.

The British Property Federation has hailed the reforms as “game-changing”, but says the plans will need better funding for local authority planning departments to be effective.

The BPF also says the Government is too focused on owner-occupied housing, and should provide more purpose-built rental accommodation.

Chief executive Melanie Leech says: “We warmly welcome the Government’s recognition of how a functioning and efficient planning system can contribute to the UK’s growth by creating not just new homes, but also the infrastructure that supports great places.”

Recommended

Martin-Werth-Standing-2013-700x450.jpg

UnderwriteMe launches with pilot distributors

Quote comparison software provider UnderwriteMe has launched with two pilot distributors. UnderwriteMe will go live in August with LifeSearch and direct to consumer online broker Cavendish Online. The software aims to simplify the protection sales process by providing fully underwritten prices at the point of sale. It is being used by seven providers: Scottish Friendly, […]

Franklin_Colin_Hinckley_2015

Hinckley & Rugby BS brings in Colin Franklin as a non-exec

Hinckley & Rugby Building Society has brought in Colin Franklin as a non-executive director. Franklin, who has worked in building societies for the past 42 years, was most recently interim chief executive of Coventry Building Society before leaving the mutual in December. He was on gardening leave until mid-June. Hinckley chief executive Chris White says: […]

Leader: Are remortgages on the up?

Has the remortgage market finally woken from its slumber after a handful of false dawns over the past year or two? That is a question many within the mortgage market are probably asking themselves after the Bank of England’s latest lending statistics were published last week. News that remortgage approvals were up year-on-year for the […]

Money

Paratus AMC buys majority stake in P2P lender

Paratus AMC, the third-party servicer, has bought a majority stake in Cardiff-based peer-to-peer lender Funding Empire. Paratus, which earlier this year launched buy-to-let lender Foundation Home Loans, has bought a 76 per cent stake in FE, although it would not say how much it paid. FE has lent £210,350 since it launched in November 2013. […]

Newsletter

News and expert analysis straight to your inbox

Sign up