First time buyers priority for starter homes
The Government will make available £36m to go towards the creation of thousands more starter homes for first time buyers, £26m of this will go towards indentifying and purchasing brownfield sites and the balance for local authorities to prepare more brownfield land for development.
Housing minister Brandon Lewis reportedly said: “Helping young people achieve their dream of home ownership is a real priority for this government. We’ve already helped more than 100,000 households buy a home through our ground-breaking Help to Buy scheme and starter homes are another game-changer.
“This fund will help kick-start that change and show young people across the country the quality they can expect when they buy a starter home. It’s further proof that this government’s long-term economic plan is on track, supporting the aspirations of hard-working people everywhere.”
The Government’s Housing Bill, which was published last month introduced a series of planning reforms to help get started the development of starter homes, as part of the starter home scheme new homes will be offered exclusively to first-time buyers under the age of 40 with a discount of 20 per cent on market values.
You May Also Enjoy
London office workers want better workspaces, not free lunches
The hottest prime property markets outside of London
Breaking Property News 21/4/26
Unmodernised property opportunities dwindle
London Marathon route showcases London rental market
