The government has given more details of its scheme which is described as offering 100,000 first-time buyers new homes with a 20 per cent discount.
People wanting to claim the discount must register their interest in buying from the start of next year - six months earlier than planned, so before the next general election - while the planning system will be changed to free-up what is described as under-used or unviable brownfield land.
Normal planning costs and levies, such as section 106 deals and the Community Infrastructure Levy, will be scrapped in these cases in return for a below-market value sale price on the homes built on the site.
Developers and councils are being asked to respond to the proposals to ensure the changes will unlock a range of sites across the country.
Currently, builders can face an average bill of £15,000 per home in section 106 affordable housing contributions and tariffs, often adding tens of thousands to the cost of a site.
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Comments
Not trying to sway any young voters or anything, are they You know, by offering up an incentive five months before the GE. No, no, no, this government wouldn't stoop that low. They're far too moral and upstanding for that.