The government has given details of a scheme allowing 30 per cent reductions for what it calls ‘local first time buyers’ and 'key workers'.
There will be a scheme called First Home which will make properties available at a discount.
“Councils will be able to use housing developers’ contributions to discount homes by 30 per cent for people who cannot otherwise afford to buy in their area” says a statement from the Ministry of Housing, Communities and Local Government this afternoon.
The statement fails to make clear whether this will apply only to new build property purchases or whether it could be extended to all homes, but it says the new First Home scheme will be available "for people who cannot otherwise afford to buy in their area."
The MHCLG has also revealed that the Affordable Homes Programme - widely criticised for its failure to deliver affordable homes under the previous Conservative government - will be “renewed.”
The government has also confirmed that it will ban new houses being sold on a leasehold basis and it will reduce ground rents for new leases to zero.
New legislation will also be brought forward to require developers of new build homes to belong to a New Home Ombudsman.
“We will … help first time buyers get a foot on the property market with 30 per cent discounts for local people and key workers. We are moving forward with legislation to set ground rents to zero, abolish leasehold houses and prioritise the safety of residents with the biggest change to building safety laws for 40 years” claims Housing Secretary Robert Jenrick.