The HomeOwners Alliance welcomes raft of measures to help homeowners
September 12, 2012
The Homeowers Alliance welcomes the government’s announcement of a raft of measures to help homeowners and those who want to own a home. In particular the extra money being injected to the FirstBuy scheme to help first timers buy a newly built home and the holiday from planning permission for those who want to extend their home.
Paula Higgins, Chief Executive of the HomeOwners Alliance said:
“By doubling the size of the FirstBuy scheme, buying a newly-built home is now within the reach of many more aspiring homeowners. We welcome the government’s continued commitment as it provides practical help for those who may otherwise struggle to get on the housing ladder and get stuck renting.
“Removing the planning permission requirement will make it easier and faster for those who want to extend and adapt their home in the way that they want. This should be helpful for those growing households who may feel trapped in their current homes because they cannot make the next jump on the property ladder. ”
The Firstbuy scheme provides equity loans for first-time buyers who could not otherwise afford a deposit. Buyers receive a 20% equity loan which they add to their own contribution to make a minimum of 25% deposit. The government launched this scheme in March 2011 with £210 million funding which was matched by house builders. £280 million has been added to this pot, and again this will be matched by housebuilders. To find out more about this or any other scheme click here.
Moreover, following a consultation, home owners will be able to extend their homes up to 8 metres without the requirement to seek planning permission. Private homes will be allowed to extend by up to 8 metres (26 feet) long for detached properties and 6 metres (20 feet) for terraced ones. Extensions can only be a single story and cannot take up more than 50% of the original garden space.
Notes to Editor
The HomeOwners Alliance champions the interests of Britain’s homeowners and aspiring homeowners, and provides services they can trust.
We are a membership organisation, acting as the voice of homeowners in the media, lobbying for the interests of homeowners and aspiring homeowners in government, and campaigning against bad practices in industry.
At hoa.org.uk, we provide honest online advice and guidance for the critical moments of homeownership (buying, selling, refurbishing), supported by legal and industry experts, and the delivery of reliable services. We will directly engage with government and the media by conducting independent research and publishing reports that promote and champion the interests of homeowners. Our focus groups have shown a huge appetite for such an organisation, with homeowners and prospective buyers feeling in need of someone on their side against the professionals in an industry where trust is notably lacking.
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