16 Feb

Govt scheme to provide more houses to rent by 2015

Govt scheme to provide more houses to rent by 2015

The government has announced plans to invest in social houses, providing more houses to rent by 2015.

Housing minister Grant Schapps has launched an affordable rent programme designed to help provide homes for people on housing waiting lists.

The affordable rent scheme will give buy-to-let investors greater flexibility to meet the needs of tenants in their area.

Landlords will be able to offer homes to tenants with fixed tenancies and rents of up 80 per cent of the local market rate.

Extra revenue raised from the rent programme will be invested in building new houses for sale in the UK.

In addition, the government will invest £4.5 billion to deliver up to £150,000 new affordable homes over the next four years.

Mr Shapps said: "This scheme is ... part of the most radical reforms to social housing for a generation, vital to ensuring that as many people as possible benefit from this valuable resource."

The National Landlords Association says the government needs to ensure that rent from Local Housing Allowance (LHA) tenants is paid.

A spokesman from the association says LHA rent payments are the "key thing" landlords are worried about.
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