Archive for December, 2014

Discount for first time buyers

Thursday, December 18th, 2014

A new scheme offering 100,000 first-time buyers new homes with a 20% discount was announced 15 December 2014.

The Prime Minister launched the new scheme that will offer 100,000 first-time buyers new homes with a 20% discount, as part of a major push to help people onto the housing ladder.

Aspiring home owners will be asked to register their interest in buying via the Starter Home initiative from the start of next year – at least 6 months earlier than planned. And many of the country’s leading house builders and councils are already looking at sites that could be used for new homes.

The government is today setting out how the scheme will work with a change to the planning system to free under-used or unviable brownfield land from planning costs and levies in return for a below market value sale price on the homes built on the site.

Developers and councils are being asked to respond to the proposals to ensure the changes will unlock a range of sites across the country.

100,000 homes will be available to first time buyers under 40 as part of the Starter Homes initiative – and work on the first raft will start next year.

Helping more people realise their dreams of home ownership and getting Britain building is a vital part of the government’s long-term economic plan to secure a better future for Britain and give hardworking people economic security.

The measures announced by the Prime Minister today include:

1.Innovative planning changes – to bring new homes onto the market at a minimum 20% discount

2.Backing of country’s leading house builders and councils

3.High quality design

Prime Minister David Cameron said:

Hardworking young people want to plan for the future and enjoy the security of being able to own their own home. I want to help them do just that.