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Wednesday, May 27, 2015

What's in the Queen's speech for landlords?

Out of the 20 Bills announced in the Queen's speech, these are the ones the NLA identified as worth  landlords watching out for.

New Housing Bill

  • Extension of Right to Buy to 1.3 million housing association tenants. 
  • Local authorities pushed to off-load most high-value properties. 
  • Starter Homes programme 
  • Introduction of 'Right to Build', to help 'self builders'. 

Immigration Bill

  • Proposal for a mandatory licensing regime.

Cities and Local Government Devolution Bill

  • Devolving power to the regions and elected mayors.

Full Employment and Welfare Benefits Bill

  • Freezing main rates of working-age benefits, tax credits and child benefit. 
  • Pensioners and extra costs relating to disability will be protected. 
  • Benefit cap reduced to £23,000 per year. 
  • Scrapping of automatic entitlement to housing support for 18-21 year olds. 
  • Roll out of Universal Credit. 

Scotland Bill

Implementing the proposals of the Smith Commission, including taking over welfare powers, including housing benefit.

The full text of the Queen's speech May 2015

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