First-time buyers to be offered cut-price houses

The Government recently announced a new scheme to help young people secure a new starter home.

There will be 100,000 cut-price houses on offer, which will be made available for people aged under 40 to buy at a minimum discount of 20%.

A change in planning policies has made it a viable option for developers to offer these discounts, as firms that build on industrial or commercial land for housing are able to save on costs. These can be passed onto buyers, while developers can also free themselves from the need to provide affordable housing as part of each construction project.

The Prime Minister, David Cameron, commented:

“We want to help people who work hard and want to get on in life but have been priced out of the housing market. A 20% discount off the price could be a real game-changer for many aspiring home-owners.”

Not only will the houses be more affordable, they must also be well designed. Each developer will have to submit its plans to a design panel of architects, which will consider them and ensure that the new homes will be fit for modern living. The dwellings will also have to be well proportioned and fit in with other housing in the area.

Architects on the Wirral and in many other parts of the UK are set to be kept busy producing plans for these new homes. Councils are currently working with developers to find suitable sites for the Starter Homes scheme.

Posted by Matt Hughes
March 4, 2015
New Buildings

No Comments »

No comments yet.

RSS feed for comments on this post. TrackBack URL

Leave a comment

Menu Title