{"id":19607,"date":"2018-08-01T15:30:18","date_gmt":"2018-08-01T14:30:18","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=19607"},"modified":"2018-08-01T15:30:18","modified_gmt":"2018-08-01T14:30:18","slug":"housing-reform-homeowners-and-tenants-want-things-to-change","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/news\/housing-reform-homeowners-and-tenants-want-things-to-change\/","title":{"rendered":"Housing reform: homeowners and tenants want things to change"},"content":{"rendered":"

Banning gazumping is top of the agenda for more than half of households in the UK, with caps on non-UK resident purchases and inheritance tax reforms also on homeowners’ wish lists.<\/strong><\/p>\n

A new survey looking at which housing policy reform<\/a> would be the most desired among the country’s homeowners and tenants has revealed that 55% of people would like to see gazumping<\/a> – where an offer that has already been accepted on a property is subsequently rejected in favour of a higher offer – banned by the government. This figure was even higher among homeowners<\/a> specifically, at 64%.<\/p>\n

The research, conducted by Market Financial Solutions, also found that more than half (52%) of people would support a policy restricting the number, value or location of properties that can be bought by non-UK residents<\/a>. This issue has come to the fore in recent months after the Paradise Papers leak<\/a> last year,\u00a0with a new public register<\/a> to reveal the beneficial owners of UK property being pushed forward by the government.<\/p>\n

Stop property chain collapsing<\/h4>\n

For the UK’s renting population<\/a>, creating a housing tribunal system that would have powers to review rent rises on individual properties to ensure they are fair would be the most popular housing reform for 58% of those who rent and have no intention of buying<\/a>, and for 39% of tenants who plan to buy<\/a> in the next 18 months.<\/p>\n

Meanwhile, 46% of all households said they would like to see the removal of inheritance tax on all property assets – with 62% of those who own two or more residential properties in the UK voting for this as their top priority.<\/p>\n

Paresh Raja, CEO of MFS, said: “Whether you\u2019re a renter looking to make your first real estate purchase or a homeowner trying to move up<\/a> the property chain, the UK property market is facing a number of important challenges.<\/p>\n

“MFS\u2019 research findings clearly demonstrate the public\u2019s desire to have new laws introduced to prevent gazumping, and in turn, reduce the risk of a property chain<\/a> collapsing.”<\/p><\/blockquote>\n

Make sellers pay stamp duty?<\/h4>\n

More than half (52%) of adults own one UK residential property, according to the survey results, while just 4% own two or more homes. Renters who have no intention of buying within the next 18 months make up a quarter of people, with 7% of tenants who are planning to buy by 2020 accounting for the remainder.<\/p>\n

The least popular policy reform, which was chosen by just 19% of respondents, was to see changes made to stamp duty<\/a> so that it’s payable by the seller rather than the buyer.<\/p>\n","protected":false},"excerpt":{"rendered":"

Banning gazumping is top of the agenda for more than half of households in the UK, with caps on non-UK resident purchases and inheritance tax reforms also on homeowners’ wish lists. A new survey looking at which housing policy reform would be the most desired among the country’s homeowners and tenants has revealed that 55%… Read more »<\/a><\/p>\n","protected":false},"author":1069,"featured_media":8180,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[2,6],"tags":[341],"class_list":["post-19607","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buy-to-let-landlords","category-uk-housing-market","tag-newsletter"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/19607","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/users\/1069"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/comments?post=19607"}],"version-history":[{"count":0,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/19607\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media\/8180"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media?parent=19607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/categories?post=19607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/tags?post=19607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}