Brokenshire assures over impact of no deal on housing market

EU product requirements would be recognised as valid for sale on the UK housing market for a time-limited period.

Hous Union Jack 2

A no deal Brexit would still see EU product requirements recognised as valid for sale on the UK housing market for a time-limited period, James Brokenshire has confirmed.

Brokenshire was responding to his shadow John Healey, who put a Parliamentary question on the extent of adequacy support for the market in the event of no deal.

Responding, Brokenshire referenced already implemented legislation intended to mean that, from the first day of exit, the UK’s regulatory requirements on construction products will be the same as the EU’s requirements.

“In the event of a no-deal scenario, we will continue to recognise EU product requirements as valid for sale on the UK market for a time-limited period,” Brokenshire said.

Meantime, said Brokenshire, MHCLG was “continuing to work closely” with industry and all levels of government to monitor and support the housing market toward the delivery of 300,000 homes a year by the mid-2020s.

“We also made a number of announcements at the Spring Statement to continue to support the market, such as guaranteeing (through the Affordable Homes Guarantee Scheme) up to £3bn of borrowing by housing associations in England, to support the delivery of around 300,000 affordable homes,” he said.

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