25th September 2024

James Vernor-Miles comments on the impact of housing, planning and property reforms on landlords in Property in Practice Magazine

Aerial View of Kingussie Scotland at Sunset Looking North Down the Main Street

James Vernor-Miles

Partner

James’ comments were published in The Law Society’s Property in Practice magazine, September 2024, and can be seen here.

Streets ahead

A raft of housing, planning and property reforms featured prominently in the King’s speech, but how will they affect property professionals? Lucy Trevelyan reports

A key proposal of the King’s speech was the promise of a new Planning and Infrastructure Bill. This aims to: reintroduce mandatory housebuilding targets for local authorities and deliver 1.5m new homes over this parliament; bring in more planning officers; and update the National Planning Policy Framework (NPPF) to allow for the designation of ‘grey belt’ areas.

Read the full article here: Streets ahead (The Law Society)

“The intended consequence of this measure, I suspect, is that second-property owners and ‘buy-to-let’ landlords will start selling this surplus housing stock and return it to the owner-occupier market. That may be a good thing.”