The housebuilding industry today welcomed Mark Prisk as the new housing minister, after Grant Shapps has been appointed chairman of the Conservative party, as part of the prime minister's cabinet shake-up, but warned him that the acute lack of new homes with which we are faced means he needs to hit the ground running.
New affordable homes in Lincolnshire
Plans have been drawn up for the construction of 30 properties, comprising 16 houses, four bungalows and 10 flats - 25 of which are designated ‘affordable housing' on disused farmland near Sleaford, Lincolnshire. Westleigh Homes has been contracted to build the new homes at Manor Farm, on College Road in Cranwell.
A deal has been struck to develop what could lead to the construction of well over 20,000 new homes in Kent, according housing minister Grant Shapps.
Affordable housing provision should be waived to boost the supply of new private rented housing, according to Sir Adrian Montague's long-awaited review of investment in the private rental market.
Housing minister Grant Shapps has voiced his support for the review insisting that the findings offer both a "blueprint" for achieving the government's goal of increasing the supply of new homes in the private rented sector.
But the report's recommendation has been slammed by some property professionals.
Talking to What House? news editor Marc Da Silva this week, housing minister Grant Shapps said that the Government is seriously committed to increasing the supply of affordable homes in Britain in order to help more people buy a new home.
"Unless the economy improves dramatically in the near future, we need to do more to help people gain a foot on the housing ladder, and there is a lot we can do regarding the provision of affordable housing," said Mr Shapps.
A homebuyer in Cambridgeshire has become the first person to buy a new home under the NewBuy initiative.
Housebuilder Bovis Homes has hailed the Government-backed NewBuy mortgage product as a huge boost for the new homes industry after one of its customers became the first person in the country to buy a new home using the package.
Last week, housing minister Grant Shapps announced more details about the Government's plans to help homebuyers struggling to find a property that they can afford.
Various professionals working in the retirement housing sector, such as Peter Girling, chairman of Girlings Retirement Rentals, argues that more new retirement homes are needed if the Government's ‘downsizing' plan is to work.
Plans to permit first time buyers to borrow up to 95% of the value of a new home, with the government underwriting part of the risk, are to be unveiled, in a bid to help more young people onto the housing ladder and raise funds to increase the supply of new build homes.