Housing Minister Shares Further Details of National Housing Bank | Today's Conveyancer

Savills welcomes additional support for housing via the National Housing Bank

The announced formation of a National Housing Bank marked the latest in a pacey series of positive steps to boost housebuilding in England. It comes on the back of radical changes to ease the planning system with the new National Planning Policy Framework and follows hard on the heels of the Spending Review announcements on funding for affordable housing. Together, these three initiatives put in place some key building blocks that should drive a…

Housing minister shares further details of National Housing Bank | Today's Conveyancer

Matthew Pennycook has shared further information about the National Housing Bank, which he says will give Homes England greater autonomy and freedom to flexibly deploy loans, equity and guarantees in support of housing development. In a written statement, the housing minister broke down the initial allocation of £16 billion of new financial capacity. The sum will include £10.5 billion of investment capital, £2.5 billion of which will be set asid…