David Cameron’s affordable homes scheme is bad news for generation rent

In his latest conference speech, Mr Cameron has announced a relaxation of current planning laws with a view to increasing home ownership in Britain and shift from ‘generation rent’ to ‘generation buy’. David Cameron’s affordable homes scheme is bad news for generation rent. Currently, planning rules state that property developers are required to build affordable homes for rent; Cameron plans to scrap these requirements and make it so that developers will have fulfilled their obligations to the council if they build homes for purchase. For the first time, the definition of ‘affordable housing’ will be reformed to include starter-homes for […]