"Queen confirms housing bill" - Mortgage Introducer

  • Date: 26/05/2015

'The Conservatives unveiled 26 bills for the next parliament with one specifically aimed at helping to deal with Britain's housing crisis.

'The Housing Bill included plans to: increase the supply of new starter homes to be exclusively offered to young first-time buyers at a 20% discount below their open market value; introduce a statutory register for brownfield land, to help achieve the target of getting local development orders in place on 90% of suitable brownfield sites by 2020; and simplify and speed up the neighbourhood planning system to support communities that seek to meet local housing and other development needs through neighbourhood planning.

'Kim Vernau, chief executive of BLP Insurance, called on builders and local authorities to work together to double the number of new homes available in the affordable housing market:

'She said: "We need to build 200,000 houses a year in England alone to satisfy demand. Last year the total number of houses built by the private sector was fewer than 94,000. The top five builders are estimated to be able to satisfy only 30% of this demand so it is essential that other builders, along with housing associations and local authorities, are able to build.

"Affordable homes must be quality builds with the requisite space, light, maintenance costs and energy efficiency requirements in built." '

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