Mortgage & Property Advice Centre for First Time Home Buyers

Empty houses to solve affordable homes problem

24-Oct-2005

First time buyers will welcome calls to turn over 689,675 currently unused properties across England into affordable homes.

To ask about the legal costs of house-buying or to ask a legal question specific to your own situation click here

Recent research by Halifax revealed that almost half a million properties are categorised as empty and could be used to help solve the problem of a lack of affordable housing in the UK.

Organisers of the National Week of Action on Empty Homes believe that local authorities should take action and enable more first time buyers to get on the first rung of the property ladder.

"What we would like to see is a genuinely sequential approach to housing strategy across the country," explained Jonathon Ellis, Empty Homes Agency chief executive.

The agency has called for housing authorities to take advantage of available sites and properties and to plan for the future. It has also urged residents to report any empty homes in their neighbourhood.

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

Figures showed that the north-west had the highest number of empty homes, expecially in Burnley and Liverpool, while areas with large temporary housing needs were also found to contain many unused properties.

"It is in the interest of the whole community to eradicate the empty homes problem," concluded Tim Crawford, group economist at Halifax.

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

Click here for further information on finding a deposit

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


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