The government scheme to help key workers and local first-time buyers on to the housing ladder has now got under way. A nurse and a police officer from Derbyshire are among the first people to benefit. The First Homes scheme offers homes at a discount of at least 30% of the market price to local
Taylor Wimpey has agreed to remove terms from leasehold contracts that cause ground rents to double in price every 10 years. The effect of these increases has been that people have often struggled to sell or obtain a mortgage on their home. Their property rights can also be at risk if they fall behind on
The government is hoping to provide more new homes by improving the way land is made available to developers, making it easier and more streamlined. Homes England launched its new Delivery Partner Dynamic Purchasing System (DPS) to mark a significant shift in the way the agency procures housebuilders, as well as increasing flexibility and accessibility.
The government has allocated £8.6 billion to boost the number of affordable new homes and help thousands of people on to the property ladder. The Affordable Homes Programme is expected to deliver around 119,000 homes, including 57,000 for ownership, 29,600 for social rent and 6,250 affordable rural homes. The cash injection could support up to
The government has announced plans to build thousands of new homes on underused and derelict land to regenerate local areas and help people on to the property ladder. Nearly £58 million from the £75 million Brownfield Land Release Fund (BLRF) has been allocated to 53 councils to fund the scheme. Ministers say the funding will
House prices across the UK increased by an average of 10.6% in the year to August 2021, according to the latest figures from the Land Registry. It means the average property in the UK is now valued at £264,244. On a non-seasonally adjusted basis, house prices increased by 2.9% between July and August 2021, compared
A couple have been prevented from building a new home in their garden because of a covenant dating back 60 years. Covenants are promises or conditions often inserted into title deeds that affect or limit how a property can be used. They are legally binding on whoever later buys the property unless overturned by a
Leaseholders with Countryside Properties will no longer be subjected to ground rents that double every 10 or 15 years. The effect of these increases is that people often struggle to sell or mortgage their home and their property rights can be at risk, for example, if they fall behind on their rent. Countryside will also
Three homeowners have lost their appeal against a decision that sections of land they bought with their homes should be classed as ‘gardens or grounds’ and so be subject to Stamp Duty Land Tax (SDLT) at the full rate. The issue in each case was whether the land sold with each house was, or formed
The government has announced the next step in its plan to provide an extra 1,500 homes for first time buyers and key workers by 2023. Home builders across England have been invited to bid for a share of the £150 million being made available by offering plots for sale as First Homes, The contract award