Conservative, Labour, Lib Dems, Green and Reform UK: Manifesto Housing Pledges 2024

Following the surprise announcement by Prime Minister, Rishi Sunak, that there will be a general election on the 4th of July 2024 each of the major parties has released their party manifestos. 

Whilst a combination of promises may impact the housing market, we will investigate each party and their pledges for housing if they get into government.

houses of parliament

Conservative

Whilst some promises in the Conservative manifesto continue on work they have done over the last 14 years, there are several new pledges if they get into government.

House-building

  • Deliver 1.6 million well-designed homes ‘in the right places while protecting our countryside, permanently’.

Planning Reform

  • Provide a fast-track planning route for new homes on previously developed land in the 20 largest cities.
  • Councils to be required to set land aside for local and smaller builders.

Green Belt

  • Retain a ‘cast-iron commitment’ to protect the Green Belt from uncontrolled development.

First Time Buyers

  • Make the temporary first time buyer Stamp Duty relief on homes up to £425,000 permanent.
  • Introduce a new Help to Buy scheme.
  • Continue with the mortgage guarantee scheme.

Renters

  • Will pass Renters Reform Bill and fully abolish Section 21.
  • Strengthen other grounds for landlords to evict private tenants guilty of anti-social behaviour.

Leaseholders

  • Complete the process of leasehold reform.
  • Cap ground rents at £250, reducing them to peppercorn over time.
  • End the misuse of forfeiture and make it easier to take up commonhold.

Stamp Duty

  • Will not increase stamp duty.
  • Make the temporary first time buyer Stamp Duty relief on homes up to £425,000 permanent.

New Towns

  • Raise density levels in inner London by ensuring the London Plan delivers more homes on brownfield sites.

Social and Affordable Housing

  • Renew the Affordable Homes Programme that will deliver homes of all tenures.
  • Legislate for new ‘Local Connection’ and ‘UK Connection’ tests for social housing in England.

Right to Buy

  • Ensure Right to Buy discounts rise with inflation.
  • Fight any plan by local authorities to abolish the Right to Buy altogether.

Capital Gains Tax

  • Introduce a two-year temporary Capital Gains Tax relief for landlords who sell to their existing tenants.

Council Tax

  • Will not increase the number of council tax bands, re-evaluate or cut council tax discounts.

Holiday Lets

  • Ensure councils can manage the ‘uncontrolled growth of holiday lets’.

Labour

The Labour manifesto promises to get the country ‘back on track’ by building more homes and immediately abolishing the Section 21 no-fault evictions.

House-building

  • Restore mandatory house-building targets immediately.
  • Pledge to build 1.5 million new homes during term.

Planning Reform

  • Take tough action to ensure planning authorities have up-to-date Local Plans.
  • Strengthen the presumption in favour of sustainable development.
  • Fund additional planning officers.

Green Belt

  • Will take a brownfield-first approach.
  • Committed to the green belt and will take a strategic approach.

First Time Buyers

  • Launch a permanent mortgage guarantee scheme.
  • First time buyers will get the chance to buy homes before international investors.

Renters

  • Overhaul the regulation of the private rented sector and immediately abolish Section 21 ‘no fault’ evictions.
  • Empower renters to challenge unreasonable rent increases, and raise standards.

Leaseholders

  • Enact Law Commission proposals on leasehold enfranchisement, right to manage, and commonhold.
  • Ban new leasehold flats and ensure commonhold is the default tenure.
  • Review how to better protect leaseholders, including tackling unregulated and “unaffordable” ground rent charges.

Fleecehold

  • Will bring the injustice of ‘fleecehold’ private housing estates and unfair maintenance costs to an end.

Stamp Duty

  • Increase the rate of the stamp duty surcharge paid by non-UK residents.

New Towns

  • Will build a ‘new generation of new towns’.

Social and Affordable Housing

  • Deliver the biggest increase in social and affordable housebuilding in a generation.

Right to Buy

  • Review the increased Right to Buy discounts introduced in 2012.

Capital Gains Tax

  • Will not introduce capital gains tax on private homes.
  • Close the loophole “where private equity is the only industry where performance-related pay is treated as capital gains.”

Liberal Democrats

The Liberal Democrat manifesto for housing promises to build over half a million homes a year with new garden cities.

House-building

  • Target of 380,000 new homes a year, including 150,000 social homes.
  • Delivered via ten ‘new garden cities’ and community-led development in existing cities and towns.

Key Pledges

  • Introducing a Rent to Own model for social housing.
  • Abolishing leasehold and capping ground rents at a ‘nominal fee’.
  • Promising “a fair deal for renters”, with an immediate ban on no-fault eviction.

Green Party

The Green Party manifesto pledges to tackle housing issues by working on other social issues as well as building more social housing. 

Key Pledges

  • Provide 150,000 new social homes every year.
  • Push for a retrofit programme to insulate homes.
  • Offer a Fair Deal for Renters, including pushing for rent controls.

Right Homes, Right Place, Right Price Charter

  • Protect green space for communities.
  • Reduce climate emissions.
  • Tackle fuel poverty.
  • Provide genuinely affordable housing.

Reform UK

The Reform UK manifesto wishes to unleash the housing market with sweeping reforms. 

Key Pledges

  • Unleash housebuilding across the country and cut immigration.
  • Review of the planning system to fast-track planning and provide tax incentives for the development of brownfield sites.
  • Implement a ‘loose fit planning’ policy for large residential developments.
  • Reform social housing law and prioritise local people and those who have paid into the system.

Stamp Duty Reform

  • 0% below £750k.
  • 2% from £750k – £1.5m.
  • 4% over £1.5m.

Leasehold Reform

  • Implement the current Leasehold Reform Act.
  • Require all potential charges for leasehold or freehold residents “to be clearly stated and consented to”.
  • Ensure it is cheaper and easier to extend leases to 990 years and buy freeholds.

Get Help Stopping Repossession

HMS help people stop the repossession of their homes. For many people, these pledges to improve the housing market are too late and are being removed from their homes. 

If you are in this situation then call us immediately. We can stop repossession in its tracks and keep you in your home. 

Call us now on 0800 298 0571.