What are the parties promising for housing this election?

With the general election just a day away, we take a look at the manifesto pledges for housing from each of the main parties.

Ahead of the general election this Thursday 4 July, we've outlined the promises that each of the main parties in England are making for housing. Whomever ends up forming a Government on Friday, there are major implications for landlords, buyers, renters and sellers alike, from leasing reforms to incentives for first-time buyers. Here are the pledges for each party:

Conservatives

  • Build 1.6m new homes over five years, prioritising urban and brownfield development and raising density levels in inner London
  • Help first-time buyers with a new Help to Buy scheme requiring only a 5% deposit and scrap stamp duty for them for properties up to £425,000
  • Complete leasehold reforms that will cap ground rents at £250, and support leaseholders affected by historic building safety problems
  • Introduce a temporary measure that means landlords who sell their property to tenants will not have to pay capital gains tax
  • Ban 'no-fault' evictions as part of a wider bill to reform the rental market
  • Bring in rules to evict tenants from social housing after three instances of antisocial behaviour, such as noise disturbances or vandalism

Labour

  • Reform the planning system and reinstate local targets to help build 1.5 million new homes over five years
  • Build a new generation of new towns, fast track the approval of brownfield sites and release some green belt land for housing
  • Prioritise the building of social rented homes and give first-time buyers the chance to buy homes in new developments before investors
  • Introduce a permanent mortgage guarantee scheme to help first-time buyers
  • Make it easier and cheaper for leaseholders to extend leases and ban new leasehold flats, while tackling unregulated ground rent charges
  • Ban 'no-fault' evictions and empower renters to challenge rent increases

Liberal Democrats

  • Build 380,000 homes a year across the UK, with at least 150,000 new social homes, with 10 new garden cities and community-led developments
  • Give local authorities powers to end Right to Buy in their areas
  • Abolish residential leaseholds and cap ground rents at a nominal level
  • Ban 'no-fault' evictions and make three-year tenancies the default
  • Introduce a 10-year emergency upgrade programme to make homes warmer and cheaper to heat
  • End rough sleeping by 2029 and scrap the Vagrancy Act that criminalises many forms of homelessness in England and Wales

Reform UK

  • Reform the planning system, with fast-track decisions and tax incentives to develop brownfield sites
  • Increase use of new construction technology such as modular construction
  • Prioritise local people and those who have paid into the system for social housing, not foreign nationals
  • Encourage more people to become landlords by scrapping tax changes introduced from 2017-21, known as section 24
  • Make it easier and cheaper for leaseholders to extend leases and buy freeholds
  • Scrap the Renters (Reform) Bill and improve the monitoring, appeals and enforcement process for renters instead

Green Party

  • Provide 150,000 new social homes a year by building or refurbishing older housing while protecting the green belt, and end the Right to Buy
  • Give local authorities, social landlords and community housing groups the first option to buy certain properties at a "reasonable" rate
  • Insist local authorities spread small developments across their area and and that they are accompanied by investment for local services
  • Require new homes to be built to the highest energy efficiency standards
  • Fund a local authority-led programme to improve insulation and install low-carbon heating systems such as heat pumps in homes
  • Allow local authorities to introduce rent controls and give tenants more rights, including an end to 'no-fault' evictions

Please contact one of our team via our contact form or call 0161 511 5339 for help and advice with selling, letting or managing your property.

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