Starter Home Scheme Uk

Amelia glean updated feb 5 2020.

Starter home scheme uk. The scheme aims to introduce more newbuild starter homes into the housing market in england through a national exceptions site planning policy. Starter home initiative the starter home initiative was created with the aim of unlocking home ownership for a generation according to david cameron at the time it was announced. Eventually more councils will be joining the scheme and as a result more starter homes will become available over the coming years. Click here to view the consultation.

The national starter homes register managed by the home builders federation allowing first time buyers to register their interest in the scheme provides a valuable source of information about. 30 councils were initially selected to introduce the scheme. The scheme s original target was 100 000 starter homes over the next five years 2015 2020 however this has been increased to 200 000 under new conservative government. Aspiring home owners can now register their interest to purchase a new starter home via a new government backed scheme.

The starter homes scheme is a government initiative providing around 200 000 affordable new build homes to first time buyers. First time buyers aged under 40 will be able to purchase newbuild homes included in the starter home scheme which is expected to launch in the spring at a 20 discount to the market price. No starter homes will be marketed in the usual ways when they become available. The starter homes scheme is great for young people who would not otherwise be able to buy their first home.

The government is proposing to introduce a starter homes scheme that will allow home buyers to purchase a new build home at 80 of market value. It is proposed that the homes will be built on brown field land and will be exempt from some regulatory and planning obligations. It is part of the new starter homes scheme to encourage more people onto the property ladder. By registering an interest in the scheme through the starter home co uk website you are ensuring that you receive updates on the initiative and will be alerted when homes become available in your area.

First time buyers who are under 40 can now register to buy new homes at a discount of up to 20.