Residential  

Queen’s Speech 2021: Planning laws face reform in home ownership push

It comes after it announced plans in January for leaseholders to be given the right to extend their lease by up to 990 years at zero ground rent.

According to the speech, ministers will also establish in law a new building safety regulator to ensure that the “tragedies of the past are never repeated”.

It comes after a law on fire safety was enacted last month, although brokers have warned of difficulties for buy-to-let landlords in selling and remortgaging flats as a result.

However, Private Finance’s Sykes said: “Hopefully the building safety regulations put in can expedite remedial works happening to any properties with unacceptable cladding. Thousands, if not tens of thousands, are still stuck in limbo due to cladding.”

But Karasavvas commented that cladding issues required a more immediate solution.

Karasavvas said: “The tragedy of Grenfell still haunts us all and has left hundreds of thousands trapped in properties where cladding remains a concern.

“A new building safety regulator is a step in the right direction, but for me the cladding concern needs more immediate help to ensure that those left in housing they fear is unsafe can be rectified quicker.”

chloe.cheung@ft.com

What do you think about the issues raised by this story? Email us on FTAletters@ft.com to let us know.