Government to directly commission thirteen thousand starter homes

Mon, 04 Jan 2016

Government to directly commission thirteen thousand starter homes
The government is set to boost the housing market by directly commissioning the building of 13,000 homes, using up public land.

Smaller developers will be able to buy sites across England which will already have planning permission in place.

40 per cent of these 13,000 new-builds are to be "starter homes" and will be aimed at first time buyers.

David Cameron described the move as a "huge shift in government policy," while Labour criticised him, saying the PM was using "rhetoric to hide his failure on new homes," and that the announcement did not promise any new homes beyond those already announced.

"We know that consistently 90 per cent of people aspire to own their own home, and for many years now home ownership has been in decline," said the Communities Secretary Greg Clark on BBC Radio 4's Today programme.

One of the main ways to try and match this demand with supply, he said, is to involve smaller building businesses, and let them have a more even shot at the market. He said that currently 50 per cent of the housing market is made up of just eight of the largest building firms in the country, an imbalance that needs addressing.

This push for affordable housing will be piloted on five sites, including locations in North-West London, Dover, Chichester, Cambridgeshire, and Gosport.

The press for quicker, more efficient homebuilding is important, and will hopefully help to meet the incredibly high demand in the housing market.
add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page

Copy and Paste the following HTML into your page.

Note: For a free no obligation chat with an independant mortgage specialist about your requirements please complete ourmortgage enquiry form below.

Mortgage, Remortgage or Buy-to-Let Mortgage Enquiry Form

Stop Press: Find the perfect mortgage!
Lending criteria has been relaxed and our specialists can find you great mortgage offers to compare.
Our team do all the work to find you the best offer
We'll help you find the best mortgage for your needs and ensure that everything runs as smoothly as possible.
Deposits required are again falling
The cost of the best deals has dropped recently for those borrowing either 80%, 85% or 90% of their property's value
Independent, searching the whole market
With 1000's of mortgage products available our mortgage brokers will source the mortgage that suits your situation.
Please complete this quick, free enquiry form.


Your Details

Home Buyer Guides

Home Buyer News

Speak with an independant mortgage specialist

About Company is part of the SFN Network of websites. Sitefinders Net Ltd is a U.K based company setup in 1995. Our core business is the development of online businesses using the generic domain name concept. We have a growing portfolio of websites in many different industries such as electronics, finance, retail, seasonal and health.

Privacy Policy

Get in Touch