Affordable housing cash boost for housebuilders

20-Dec-2005

The Housing Corporation's New Partnerships in Affordable Housing programme has announced the successful bidders who will receive grants under the venture.

For advice on first time buyer mortgages or to find out how much you can borrow and how much it will cost you, from the UK’s leading High Street Brokers, Bradford and Bingley, click here

For the first time, a number of private developers have been chosen, increasing the number of affordable home sites across the UK and helping more people to get on the first rung of the property ladder.

For our first time buyers guide to buying a property click here

Bovis, Bellway, Persimmon and First Base will all receive grants from the Housing Corporation, reports 24dash.com.

"The New Partnerships in Affordable Housing programme has started to create a wider market for the delivery of affordable homes," commented Jon Rouse, chief executive of the Housing Corporation.

Responding to the success of the private firms, Mr Rouse explained that forging links with the private sector was important in ensuring the consistent delivery of new affordable homes.

"Last year Bellway delivered more than 800 affordable homes: direct access to grant funding will enable this element of our business to increase, providing more opportunities for people who need affordable homes, including first time buyers," added chief executive of Bellway, John Watson.

If you are interested in buying a new house within a 'gifted deposit' scheme whereby you don't need to come up with a deposit but just pay a nominal fee of £5000 click here

Click here to see what properties are on the market in your area – whether you buy alone or with others

If you want to post your comments on today's news in the FirstRung Forum click here

2008: Jul | Jun | May | Apr | Mar | Feb | Jan

2007: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2006: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2005: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar