Call us
    t: 01789 292 659e: info@vaughanreynolds.co.uk
    Get a Valuation
    Register
    LogoLogo
    • Search Property
    • News
    • Testimonials
    • Area Guide
    Home/News/What do Government changes mean for your property plans?

    What do Government changes mean for your property plans?

    about 3 years ago
    Lettings
    What do Government changes mean for your property plans?

    If you follow politics, you’ll know it’s a case of ‘all change’ at the Conservative party. While the headline news is the resignation of our Prime Minister and the voting-in of a new leader, there was a reshuffling within the lower ranks that may have an effect on the property market. 

    Those waiting for news on the second phase of leasehold reforms may be waiting longer than anticipated. As a reminder, the Government pledged it would make it easier and cheaper for people to extend their leases with zero ground rent for 990 years.

    Only as recently as 13th June 2022 did Lord Greenhalgh, the Department for Levelling Up, Housing and Communities’ (DLUHC) representative in the House of Lords, confirm that the Government was committed to making further leasehold changes in this Parliament (by 2024).

    Lord Greenhalgh resigned not long after, casting doubt on how quickly part two of the reforms will be actioned. This was the first in a trio of property department changes. Housing Minister Stuart Andrew submitted his resignation soon after Lord Greenhalgh, while Michael Gove – the head of the DLUHC – was sacked by Boris Johnson in quick succession.  

    The latter is of interest for those waiting for the Renters’ Reform Bill to be enacted as law. This reform – together with the accompanying Fairer Private Rented Sector White Paper – was the brainchild of outgoing Gove, with the document fully endorsed by Johnson.

    Industry experts are already speculating whether the change of guard – Greg Clark as the new DLUHC leader and Marcus Jones as the new housing minister – will further delay new lettings laws, as it’s unproven whether the fresh appointments share the same rental views as Johnson and Gove. 

    One thing that Gove and Clark have agreed on is a resolution to end the UK’s cladding crisis. Clark’s first public pledge was to lock major housebuilders into remediating and funding work to rid high rise buildings of unsafe cladding. Clark has also pledged to rebuild relationships with housebuilders to increase the supply of new homes – a move welcomed by developers across the country.

    Once the new-look Conservative party has settled, it’s quite possible that a General Election will happen sooner than 2024. A snap election would see incumbent and shadow MPs make vote-winning pledges, so we’ll be watching for eye-catching announcements on stamp duty and property tax.

    If you would like to discuss how incoming reforms may affect your property plans, contact us today. 

    Share this article

    More Articles

    Leasehold reform formally confirmed as a Bill

    Leasehold reform formally confirmed as a Bill

    Published almost 2 years ago

    On 7th November 2023, the King’s Speech marked the opening of a new session of Parliament. In his first address of this nature, King Charles III announced the Government’s key priorities for the year ahead and with a General Election expected within the next 12 months, the contents were hotly anticipated.

    Read More
    S21 eviction ban delayed before the Renters’ Reform Bill’s second reading

    S21 eviction ban delayed before the Renters’ Reform Bill’s second reading

    Published almost 2 years ago

    We have been charting the progress of the Renters’ Reform Bill since it was announced in 2019 during Theresa May’s tenure as Prime Minister. In late October 2023, a little more progress was made and the Bill had its second reading in the House of Commons.

    Read More
    5 things you need to know about ground rent

    5 things you need to know about ground rent

    Published over 3 years ago

    While the property industry waits for a date when the Renters’ Reform Bill becomes law, there is an imminent change for all current owners and future buyers of leasehold properties. Here are five important points for anyone involved with a leasehold property.

    Read More

    Sign up for our newsletter

    Subscribe to receive the latest property market information to your inbox, full of market knowledge and tips for your home.

    You may unsubscribe at any time. See our Privacy Policy.

    Back to Home

    Quick Links 

    Search Properties
    Free Valuation
    Contact us

    Contact Details 

    10 Union Street,
    Stratford-upon-Avon,
    Warwickshire CV37 6QT
    t: 01789 292 659
    Email us

    NAEA
    OnTheMarket
    PrimeLocation
    RightMove
    ThePropertyOmbudsman
    Zoopla
    Logo
    © 2025 Vaughan Reynolds
    Privacy Policy|Terms & Conditions|Cookie Policy|Complaints Procedure
    Powered by