Residential Leasehold for Flats Debate
Full Debate: Read Full DebateLord Jackson of Peterborough
Main Page: Lord Jackson of Peterborough (Conservative - Life peer)Department Debates - View all Lord Jackson of Peterborough's debates with the Ministry of Housing, Communities and Local Government
(8 months, 4 weeks ago)
Lords ChamberMy Lords, this Bill, and the other reforms that we have made in this space, are comprehensive and complex. We have taken time to look, consult and bring forward the proposals that will have the biggest impact on leaseholders today, while also committing to ongoing reform in the future.
My Lords, the Autumn Statement contained a commitment to take forward reforms to residential estate investment trusts. Will my noble friend take forward the support the House has for leveraging significant private sector funding into much-needed residential accommodation via REITs?
Yes, the Autumn Statement set out the way forward we are going to take on that issue. We need proper financing to support our ambitions for more homebuilding. Some of that comes through government support, but the private sector is a key partner here and we need to do everything that we can to unlock investment.