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Mortgagee exclusion clauses: the answer to the housing crisis?

Mortgagee exclusion clauses: the answer to the housing crisis?

Ahead of next week’s general election, the main political parties have all stated their commitment to the delivery of more housing. Few commentators would deny that there is a pressing need and that, in particular, there is a short supply of affordable homes.

Liberalising national planning policies and opening up permitted development rights further are tools that are being considered, and such measures will encourage developers to build more private homes. But the key to delivering more affordable homes lies in making more funding available to registered providers of social housing (RPs) so that they can invest in much-needed affordable housing schemes.

RPs are increasingly reliant on private finance to fund the development of new housing stock. By leveraging their assets, RPs are able to use the monies raised on existing stock to deliver more affordable housing.

To read the rest of Jacqueline Backhaus and Jennie Chilton's article in Estates Gazette, visit Egi.co.uk (pay wall).