27/09/2004
New plans set to get first time buyers on property ladder
Proposals to make better use of public sector land and help first time buyers have been outlined by the Deputy Prime Minister today.
Smarter use of public sector-owned land and driving down spiralling construction costs would help people get onto the housing ladder, John Prescott said. Since 2003 the number of first time buyers has fallen by 27%.
The Deputy Prime Minister said he believed it would be possible to build a high-quality home for around £60,000.
The government would work with builders to deliver the homes. The state would retain a stake in the land while the buyer would pay for the bricks and mortar.
Mr Prescott said: "Experience in other parts of Europe tells us that using modern construction techniques and materials, it is possible to produce high-quality, modern homes much more cheaply than is the case in the UK, and without sacrificing environmental standards."
The plan will build on existing plans to provide 32,000 homes in mixed communities through low-cost home ownership.
It will be based around the concept of sharing equity like the programmes used in the successful Homebuy and shared ownership schemes.
The current Key Worker Living initiative will help 16,000 key workers over the next three years. The £690 million programme was launched in March 2004.
(gmcg/mb)
Smarter use of public sector-owned land and driving down spiralling construction costs would help people get onto the housing ladder, John Prescott said. Since 2003 the number of first time buyers has fallen by 27%.
The Deputy Prime Minister said he believed it would be possible to build a high-quality home for around £60,000.
The government would work with builders to deliver the homes. The state would retain a stake in the land while the buyer would pay for the bricks and mortar.
Mr Prescott said: "Experience in other parts of Europe tells us that using modern construction techniques and materials, it is possible to produce high-quality, modern homes much more cheaply than is the case in the UK, and without sacrificing environmental standards."
The plan will build on existing plans to provide 32,000 homes in mixed communities through low-cost home ownership.
It will be based around the concept of sharing equity like the programmes used in the successful Homebuy and shared ownership schemes.
The current Key Worker Living initiative will help 16,000 key workers over the next three years. The £690 million programme was launched in March 2004.
(gmcg/mb)
Related UK National News Stories
Click here for the latest headlines.
11 October 2004
Audit slams 80% of new build homes as 'mediocre'
Four-out-of-five buyers of new build houses and flats have to settle for "mediocre properties", according to the Commission for Architecture and the Built Environment (Cabe).
Audit slams 80% of new build homes as 'mediocre'
Four-out-of-five buyers of new build houses and flats have to settle for "mediocre properties", according to the Commission for Architecture and the Built Environment (Cabe).
23 July 2013
Second Home Buyers Excluded From Help To Buy Scheme
The second stage of the Help to Buy scheme will be closed to second home buyers, George Osbourne has said. The Help to Buy scheme was launched four months ago to provide equity loans to people to help buy new homes. The second stage of the scheme is due to begin next January, with buyers needing just a 5% deposit to buy a home.
Second Home Buyers Excluded From Help To Buy Scheme
The second stage of the Help to Buy scheme will be closed to second home buyers, George Osbourne has said. The Help to Buy scheme was launched four months ago to provide equity loans to people to help buy new homes. The second stage of the scheme is due to begin next January, with buyers needing just a 5% deposit to buy a home.
03 February 2004
'Strong support' shown for home buyers' 'pack' proposal
A research summary report published today has revealed "strong support" among home buyers and sellers for the Home Condition Report, which forms part of the government's Home Information Pack proposals. The proposals have been created to address the problems associated with selling homes in England and Wales.
'Strong support' shown for home buyers' 'pack' proposal
A research summary report published today has revealed "strong support" among home buyers and sellers for the Home Condition Report, which forms part of the government's Home Information Pack proposals. The proposals have been created to address the problems associated with selling homes in England and Wales.
16 March 2011
Summit Targets 'Get Home Safely' Campaign
As part of the long-running 'Get Home Safely' campaign, twelve Company magazine readers met with the Prime Minister and the Home Secretary to discuss their concerns. After a night walk to Number Ten Downing Street, the women spoke with David Cameron and Theresa May, highlighting that any cuts to the police service would be a big concern.
Summit Targets 'Get Home Safely' Campaign
As part of the long-running 'Get Home Safely' campaign, twelve Company magazine readers met with the Prime Minister and the Home Secretary to discuss their concerns. After a night walk to Number Ten Downing Street, the women spoke with David Cameron and Theresa May, highlighting that any cuts to the police service would be a big concern.
30 March 2009
Smith Apologises Over Adult Film Expenses
Home Secretary Jacqui Smith has been forced to apologise for trying to claim back the cost of the family's television package, which included two pornographic movies.
Smith Apologises Over Adult Film Expenses
Home Secretary Jacqui Smith has been forced to apologise for trying to claim back the cost of the family's television package, which included two pornographic movies.
-
Northern Ireland WeatherToday:A sunny but frosty start for many. However cloud increases by midday with a few showers reaching the north coast, these mostly light but spreading inland this afternoon. Chilly. Maximum temperature 8 °C.Tonight:A rather cloudy evening with scattered showers. Becoming drier through the night with some good clear spells developing and a patchy frost away from coasts. Minimum temperature 0 °C.