Mortgage & Property Advice Centre for First Time Home Buyers

Prescott unveils changes to boost affordable housing

20-Jul-2005

The planning system in the UK is set for a major shake-up in a bid to offer more affordable housing to aspiring homeowners.

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

Deputy prime minister John Prescott has unveiled a new consultation document designed to ensure that there remains considerable scope for affordable housing even in growth areas such as the Thames Gateway.

"Today's proposals will mean the planning system can respond faster to the housing market and local needs, so that more homes can be built where they're needed," explained Mr Prescott.

The plans include enabling more council-owned land to be freed up so that private developers can build affordable housing for aspiring first time buyers, and the amount of land made available will be driven by demand in each specific region.

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

Ministers hope that this will mean that affordable housing can be built in the areas where it is needed most, thereby getting more first time buyers onto the first rung of the property ladder.

Click here 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 our first time buyers guide

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

Article Options:

Email this article to a friend

Get updates from our RSS Feed

Post this article to:

del.icio.us

Digg

Reddit

2008: 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

Newsletter

Free First Time Buyer Newsletter

Register

20 second poll - How optimistic are you?

Are properties in your area more expensive than they were a year ago?

Yes
No

Are you keener to buy a property now than you were this time a year ago?

Yes
No

Are the finance options for FTBs better now than they were a year ago?

Yes
No

Would it be better to wait until this time next year?

Yes
No

Would you ideally like to be able to buy your first home now?

Yes
No