"New government must not simply just chase numbers" - Housebuilder & Developer

  • Date: 30/04/2015

'The election has seen housing placed firmly back on the political agenda. Delivering enough new homes will continue to be a stretch but the new government’s initiatives should create traction and encourage sales and an increase in property construction during the second half of 2015.

'Discussing the impact of the election result on the future of the housing industry BLP Insurance’s Head of Sales, Wayne Tonge said: “A commitment to build new homes will not be enough on its own, and strides are already being taken under Conservative party initiatives to free up more land for development. Housebuilders developing new build properties on brownfield sites are exempt from contributions under section 106 (Town and Country Planning Act), saving an average of £15,000 in taxes and levies per home which can then be passed on to the buyer.

“Momentum in the housing market will also be bolstered going into 2016 with initiatives to help first-time buyers, desperate to get onto the ladder. Help to Buy has been a lifeline to some first-time buyers, enabling them to buy a new-build or existing home up to the value of £600,000, with as little as a five per cent deposit. The recently introduced new Help to Buy ISA, will also continue to offer prospective buyers much needed monetary support.”

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