· On 21st July 2020 the Housing Secretary Robert Jenrick announced the creation of a new fast track approval process which will allow homeowners to add up to two additional stories to properties in order to create new homes or more living space.
· The rules will also enable vacant commercial and retail buildings to be converted into homes, with the aim of creating more homes that are within keeping with the character of the local area.
· The new rules will come into effect by September 2020 and will mean full planning permission would no longer be required for such works.
· These rules will benefit high streets and town centres by providing more space for businesses, allowing them to adapt to customer and business needs.
· This will add to recent measures that have already been announced to support home building in England.
· These new measures have included the £12 billion affordable homes programmes which sets to deliver 180,000 new affordable homes.
· Additionally, the £400 million Brownfield Land Fund sets to allocate funds to eight counties to support around 24,000 homes.
· As well as this, the Home Building Fund was boosted with £450 million. This will help smaller developers access
finances for new housing developments, which should support the creation of 7,200 new homes.
· These changes should allow more flexibility for businesses adapting to post-Covid demands with less high street footfall, the rise of home working and growth of e-commerce .
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This article is prepared with the intention of providing general information on the changes in law. Philip Ross Solicitors accept no responsibility for errors it may contain and the coverage of the topic is not comprehensive. You are advised to speak directly to the writer or another partner within this firm with any specific enquiries on the topic addressed.
Gemma has a broad practice with experience in acquisitions & disposals, landlord and tenant work, secured lending, planning agreements and general commercial property agreements such as overage and option agreements.