Friday, 11 September 2015

Lewis Promises Investors “Red Tape” Cuts

Housing minister Brandon Lewis has promised investors and property chiefs he will remove “red tape” that is “holding back” the development of a more institution-delivered private rented sector. Lewis made his pledge at the RESI conference in Wales, where he said the Government was “determined to drive out the minority of rogue landlords” adding that “we cannot let red tape deter further investment”. The housing minister also pressed the need for a more professional rental market which he said would be funded by long term investment which could drive up supply.“We’re moving away from smaller landlords to bigger landlords creating bigger schemes and driving supply. That's why we introduced the Build to Rent fund to create 10,000 homes for rent” he said. Read the full speech on the GovUK website.

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