Latest Public Sector News

27.02.13

BPF urges Government to increase build to let

The Government is underlining the importance of the ‘built to let’ programme to tackle current and future housing shortages at the British Property Federation annual conference today.

The scheme provides a £10bn debt guarantee and £200m equity finance for house builders and developers, to encourage a wider range of investors to build homes for private rent.

The BPF was part of the industry panel that has advised Government to accept the recommendations of Sir Adrian Montague’s report, including providing local authorities with specific guidance on planning treatment of build to let.

Jack Dromey, shadow housing minister, will say: “Labour’s vision for private renting is of a strong and vibrant sector that is able to attract investment for the long-term but also a reformed sector that meets the needs of those living in it now and in the future, who do not want or currently cannot buy their own home. 

“We do not see greater protections for renters and landlords in the sector as a barrier to investment but a pre-requisite for it. If the private rented sector is to be one of choice it must meet the needs of those living in it not least the 1.1 million families with children.”

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