Empty Homes Network

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Submitted by David Gibbens on 3 Aug 2015 - 13:59
Islington council website page

As of 17th July 2015, the London Borough of Islington has introduced an innovative new planning policy aimed at tackling the so-called "buy-to-leave" phenomenon.  Islington's approach relies on a Supplementary Planning Document entitled "Preventing Wasted Housing Supply".  This will require developers to sign a "Section 106" agreement [S106][1] aimed at ensuring that homes are occupied after they are completed: effectively the agreement cascades down to individual owners as the S106 obligations run with the land as a land charge. The developer is required to inform the new owners of the obligations as part of the marketing.

Trail-blazing

The new measure is the first of its kind anywhere in the country and was introduced after extensive consultation and a significant amount of research into the incidence of the problem. Perhaps surprisingly the opposition from developers during the consultation was...