The Government first announced plans for a shared ownership right to buy in October 2019. At the time the sector raised concerns about the impact the plans would have on housing associations ability to borrow. An election and a pandemic later the Government announced, during the CIH Housing Festival last week, the return of the right to shared ownership as part of its Affordable Homes Programme (AHP).
Under the Land Compensation Act 1973, a landlord may have to pay a resident a home loss payment if the resident is permanently displaced from their home (subject to the circumstances and various conditions). New Regulations, The Home Loss Payments (Prescribed Amounts) (England) Regulations 2017, have been introduced that increase the amounts payable.
For displacements on or after 1st October 2017 the new amounts will be:
- For tenants, a minimum payment of £6,100 (in place of the existing £5,800).
- For leaseholders (who are entitled to 10% of the market value of their interest in the property):
- A minimum payment of £6,100 (replacing the existing £5,800 amount); and
- A maximum payment of £61,000 (replacing the existing £58,000 amount).
In preparation for these changes, you must ensure that your policies and procedures, together with any business plans for redevelopment which includes permanent decants, are updated to reflect the new amounts.
For more information about this article or decants and home loss payments generally, please contact Emma Hardman.
Two final pieces of the possession jigsaw have been published on 15 September 2020. Mr Justice Knowles’ working group on possession proceedings has issued its guidance on the “overall arrangements” for possession proceedings.
One change proposed by the Building Safety Bill is the introduction of a duty holder regime, which will see statutory responsibility for the safety of higher risk buildings placed on key individuals
Throughout this pandemic, the Competition and Markets Authority (CMA) has been publishing various “Statements on Coronavirus” (Statements) which provide guidance on consumer rights during this time.
A recent increase in COVID-19 cases in the UK means new measures are being put in place in an effort to reduce the risk of a second wave. Whilst the impact of COVID-19 continues to be felt, it is important to remain focused on the sector’s road to recovery.
Sometimes half an hour at a conference gives you the reality that has been staring you in the face all along. That was my experience watching “Change is on the Horizon”
Following our recent e-briefing on Possession Notices, Helen Tucker and Emilie Pownall from our housing litigation team discuss the impact of the changes on social landlords.
Not only has the possession stay been extended until 20 September, the notice periods to be given to tenants has been extended in certain circumstances with some important exceptions.
The Court has confirmed that a party cannot withhold its consent in order to re-write the original bargain.
Following the Grenfell Tower tragedy, building safety continues to be a key concern for social housing providers and their residents.
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