Latest property news
Local support must be integral to speedier planning decisions
Propertymark has responded to the UK Government’s consultation on proposals to streamline the infrastructure planning process consultation, highlighting key areas where improvements can be made while ensuring the interests of local communities and property professionals are safeguarded. Importantly, we recommend a stronger emphasis on public approval during the pre-application process to ensure that only well-supported projects move forward quickly.
Bold Planning and Infrastructure Bill could present opportunities for the property sector
The Bill aims to modernise the UK's planning system, promoting rapid housing development and infrastructure while balancing environmental sustainability. Members should prepare for a dynamic landscape with new opportunities and responsibilities as these reforms take effect, offering new avenues for growth while necessitating adaptability to regulatory changes and a commitment to sustainable development.
Major Universal Credit changes will affect rent payments from April 2025
The Universal Credit Fair Repayment Rate will drop from 25% to 15%, reducing the amount available to service an individual’s monthly debts, including housing payments. Furthermore, the Department for Work and Pensions (DWP) is set to overhaul the system of the automatic deduction of arrears and ongoing rent payments directly from tenants' Universal Credit or other benefits, following a court ruling which deemed the practice unlawful.
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