Mortgage & Property Advice Centre for First Time Home Buyers

Golden Triangle to tackle affordable housing

23-Nov-2005

Access to affordable housing in the north is to be improved following a ten-month study into the problem.

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The report was released by the Golden Triangle Partnership, set up by the city councils of Leeds, Harrogate and York, and tackles concerns over rising house prices and a lack of affordable housing.

It calls for a more consistent approach, a better understanding of how national house prices affect local residents and more practical advice for aspiring homeowners.

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Over 100 housing industry professionals attended the talk by Isobel Mills, director of the People and Communities of Government Office for Yorkshire and the Humber, this week.

"On average first time buyers now have to pay more than four times their salary to buy a property. In the Golden Triangle the figure is even higher due to disparities between incomes and house prices," Ms Mills explained.

"This report is the first step towards developing a more integrated approach to the negotiation and delivery of affordable housing across our high-value areas."

Plans to train local authority staff to negotiate with private sector development groups have also been suggested, along with speeding up legal processes and creating a shared database.

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