Homes to be built at a faster rate.
David Cameron announces plans to directly commission the building of more than 10,000 new homes, it is expected that homes will be built at a faster rate, smaller building firms will build on government sites with planning permission already in place.
The plan will be backed by an extra £1.2bn to prepare brownfield sites for the building of 30,000 starter homes over the next five years, these will be made available to first-time-buyers under the age of 40, the £1.2bn will also fast track the creation of up to 30,000 market rate homes on 500 new brownfield sites by 2020.
The Prime Minister reportedly said: “This Government was elected to deliver security and opportunity – whatever stage of life you’re at.
“Nothing is more important to achieving that than ensuring hard-working people can buy affordable homes.
“Today’s package signals a huge shift in government policy.
“Nothing like this has been done on this scale in three decades – government rolling its sleeves up and directly getting homes built.”
The plans form part of the Government’s commitment to build 200,000 starter homes before the end of the Parliament.
Read also: 25% rise in mortgage approvals in November.
You May Also Enjoy
Popping the Asking Price Bubble
Highest demand to lease office space since pre-pandemic
Planning consultations for major infrastructure to be streamlined
‘The property ladder pulls further away’ warns Open Property Group
How Long It Takes to Buy a House in the UK: 5 Common Delays That Can Slow Down Your Home Purchase
