The government’s plan to increase the country’s level of housebuilding is a boost to the housing industry, according to Prospect Homes.
A four-step process laid out by MP Sajid Javid’s housing White Paper (read the White Paper here) is set to take shape across the country to ‘get Britain building’, as the demand for new homes continues to outstrip supply in the UK.
Mr Javid’s statement included measures to create a planning framework to ensure planning applications were quickly and effectively determined, by introducing a standardised approach to assessing housing requirements, which will now enter a period of consultation.
The government has also laid out plans to build new homes faster, diversify the market, and continue supporting would-be homeowners in the immediate future by pushing schemes such as Help to Buy.
Neil Waddington, Managing Director of Prospect Homes, said: “Plans by the government to accelerate and simplify the planning application process should be welcomed by the industry as a whole, to ensure housebuilders are being given the opportunity to meet their targets.
“Our goal now is to continue building high-quality homes in the right areas, to ensure we are doing everything in our power to help prospective home-buyers secure their future in a new home.”
The government has also reaffirmed its intentions to support first-time buyers step onto the property ladder, by working with the sector to consider extending the Help to Buy equity loan scheme beyond 2021, which has already seen £8.6 billion committed to the cause.
Since its inception in 2013, the Help to Buy equity loan scheme has assisted more than 100,000 new homeowners, with 81 per cent of those purchases made by first-time buyers.
Prospect Homes is currently building in Bradford, Alsager, Chorley, Holmes Chapel, Gisburn, Warton, Rochdale, Shavington and Manchester. Find out about the different ways we can make it easier for you to buy a Prospect Home here.