E: info@woodheadandco.co.ukT: 01933 837000
    Get a Valuation
    Register/Report a Repair
    Logo
    Woodhead & Co.,
    32 Market Street,
    Wellingborough,
    NN8 1AT
    LogoLogo
    Lettings

    What do Government changes mean for your property plans?

    about 3 years ago
    What do Government changes mean for your property plans?

    If you follow politics, you’ll know it’s a case of ‘all change’ at the Conservative party. While the headline news is the resignation of our Prime Minister and the voting-in of a new leader, there was a reshuffling within the lower ranks that may have an effect on the property market. 

    Those waiting for news on the second phase of leasehold reforms may be waiting longer than anticipated. As a reminder, the Government pledged it would make it easier and cheaper for people to extend their leases with zero ground rent for 990 years.

    Only as recently as 13th June 2022 did Lord Greenhalgh, the Department for Levelling Up, Housing and Communities’ (DLUHC) representative in the House of Lords, confirm that the Government was committed to making further leasehold changes in this Parliament (by 2024).

    Lord Greenhalgh resigned not long after, casting doubt on how quickly part two of the reforms will be actioned. This was the first in a trio of property department changes. Housing Minister Stuart Andrew submitted his resignation soon after Lord Greenhalgh, while Michael Gove – the head of the DLUHC – was sacked by Boris Johnson in quick succession.  

    The latter is of interest for those waiting for the Renters’ Reform Bill to be enacted as law. This reform – together with the accompanying Fairer Private Rented Sector White Paper – was the brainchild of outgoing Gove, with the document fully endorsed by Johnson.

    Industry experts are already speculating whether the change of guard – Greg Clark as the new DLUHC leader and Marcus Jones as the new housing minister – will further delay new lettings laws, as it’s unproven whether the fresh appointments share the same rental views as Johnson and Gove. 

    One thing that Gove and Clark have agreed on is a resolution to end the UK’s cladding crisis. Clark’s first public pledge was to lock major housebuilders into remediating and funding work to rid high rise buildings of unsafe cladding. Clark has also pledged to rebuild relationships with housebuilders to increase the supply of new homes – a move welcomed by developers across the country.

    Once the new-look Conservative party has settled, it’s quite possible that a General Election will happen sooner than 2024. A snap election would see incumbent and shadow MPs make vote-winning pledges, so we’ll be watching for eye-catching announcements on stamp duty and property tax.

    If you would like to discuss how incoming reforms may affect your property plans, contact us today. 

    If you follow politics, you’ll know it’s a case of ‘all change’ at the Conservative party. While the headline news is the resignation of our Prime Minister and the voting-in of a new leader, there was a reshuffling within the lower ranks that may have an effect on the property market. 

    Those waiting for news on the second phase of leasehold reforms may be waiting longer than anticipated. As a reminder, the Government pledged it would make it easier and cheaper for people to extend their leases with zero ground rent for 990 years.

    Only as recently as 13th June 2022 did Lord Greenhalgh, the Department for Levelling Up, Housing and Communities’ (DLUHC) representative in the House of Lords, confirm that the Government was committed to making further leasehold changes in this Parliament (by 2024).

    Lord Greenhalgh resigned not long after, casting doubt on how quickly part two of the reforms will be actioned. This was the first in a trio of property department changes. Housing Minister Stuart Andrew submitted his resignation soon after Lord Greenhalgh, while Michael Gove – the head of the DLUHC – was sacked by Boris Johnson in quick succession.  

    The latter is of interest for those waiting for the Renters’ Reform Bill to be enacted as law. This reform – together with the accompanying Fairer Private Rented Sector White Paper – was the brainchild of outgoing Gove, with the document fully endorsed by Johnson.

    Industry experts are already speculating whether the change of guard – Greg Clark as the new DLUHC leader and Marcus Jones as the new housing minister – will further delay new lettings laws, as it’s unproven whether the fresh appointments share the same rental views as Johnson and Gove. 

    One thing that Gove and Clark have agreed on is a resolution to end the UK’s cladding crisis. Clark’s first public pledge was to lock major housebuilders into remediating and funding work to rid high rise buildings of unsafe cladding. Clark has also pledged to rebuild relationships with housebuilders to increase the supply of new homes – a move welcomed by developers across the country.

    Once the new-look Conservative party has settled, it’s quite possible that a General Election will happen sooner than 2024. A snap election would see incumbent and shadow MPs make vote-winning pledges, so we’ll be watching for eye-catching announcements on stamp duty and property tax.

    If you would like to discuss how incoming reforms may affect your property plans, contact us today. 

    Share this article

    More Articles

    More than half of under 34s hope to become a landlord

    More than half of under 34s hope to become a landlord

    Published 11 days ago

    Younger Millennials (born between 1991 and 1996) and those in Generation Z (1997-2012) still see a future in property investment. That was the surprising finding of a new survey of 2,000 UK adults conducted by Opinium on behalf of Market Financial Solutions.

    Read More
    A tenant’s guide to the Renters’ Rights Bill

    A tenant’s guide to the Renters’ Rights Bill

    Published about 1 month ago

    The Renters’ Rights Bill has taken another step towards becoming law. With no major amendments expected, it’s now that tenants should take notice of the Bill’s contents.

    Read More
    Garden etiquette for tenants this summer

    Garden etiquette for tenants this summer

    Published 2 months ago

    When you become a renter, you’re expected to behave in a ‘tenant like manner’ and that extends to outside spaces as much as inside the home. If in any doubt as to what that means, you can refer to your tenancy agreement. It should list the specific garden jobs you’re responsible for, and what your landlord should maintain. If there’s scant detail, contact us and we can obtain written clarification for you.

    Read More

    Sign up for our newsletter

    Subscribe to receive the latest property market information to your inbox, full of market knowledge and tips for your home.

    You may unsubscribe at any time. See our Privacy Policy.

    Back to Home

    Useful Links 

    About
    Landlord Fees
    Tenant Fees
    News

    Main Branch 

    Woodhead & Co., 32 Market Street,
    Wellingborough, NN8 1AT
    t: 01933 837000
    Email us

    OnTheMarket
    Zoopla
    Logo
    Logo
    Logo
    © 2025 Woodhead And Co Sales and Lettings Limited
    Privacy policy|Terms & conditions|Cookie policy
    Powered by