New property laws set to feature in the King’s Speech

Kind Charles

On Wednesday, King Charles will deliver the King’s Speech, setting out the government’s legislative programme for the coming Parliamentary session.

The speech comes at a politically sensitive moment following a difficult set of election results for Labour and renewed scrutiny of prime minister Keir Starmer, who is seeking to reset the government’s agenda and rebuild momentum.

As usual, the address will outline planned legislation across key policy areas including crime, transport, health and the environment, while also signalling where no immediate action is expected. Housing policy is expected to feature, although the final content will only be confirmed on the day.

Early briefings and reporting, including from the BBC, suggest two housing-related bills are likely to be included: the Leasehold and Commonhold Reform Bill and the Building Safety Remediation Bill.

The Leasehold and Commonhold Reform Bill, already progressing through the legislative process, is expected to expand leaseholders’ rights to extend leases and purchase freeholds in England and Wales. It also proposes capping ground rents at £250 per year, moving to a peppercorn rent after 40 years, following draft legislation published earlier this year.

The Building Safety Remediation Bill is aimed at strengthening building safety standards in the aftermath of the 2017 Grenfell Tower fire, and is intended to implement further measures set out in the government’s existing remediation policy framework.

Further detail on housing, planning and wider property-related measures will be closely watched by the sector when the full speech is delivered.

 

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