Social housing - New schemes
The Government has announced a new scheme to supplement the existing HomeBuy scheme. The new scheme, known as "Rent to HomeBuy", will allow potential buyers to rent a property for a specified period at a less than market rent, with the option to buy a share of the property at the end of that period. The Government hopes that the new scheme will enable more tenants to buy their own home.
Rent payments - retail industry
Leading retailers have made another call for monthly, rather than quarterly rent payments, which was publicised in both the property and general press. The British Property Federation has responded with a press release setting out details of members who are prepared to consider payment of rent on a monthly basis.