Posts with tag: first time buyer scheme

Government to Extend Starter Homes Scheme to Rural Areas

Published On: August 21, 2015 at 4:29 pm


Categories: Landlord News

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Chancellor George Osborne has amended planning rules to allow starter homes to be built on rural exception sites for the first time.

Government to Extend Starter Homes Scheme to Rural Areas

Government to Extend Starter Homes Scheme to Rural Areas

Rural towns and villages in England will be able to build homes for local first time buyers thanks to the Government’s Rural Productivity Plan.

The proposal will allow local areas to select more sites for starter homes, which can be purchased at a 20% discount by first time buyers with links to the area.

Greg Clark, the Communities Secretary, explains the plan: “We’re determined to ensure anyone who works hard and aspires to own their own home has the opportunity to do so – whether they live in cities, towns or rural communities.

“But all too often, young people find themselves exiled from the place they grew up as they are forced to move away to find a home of their own.

“That’s why we’re putting power directly in the hands of rural councils to give the go-ahead for new starter homes in their area so local young first time buyers can continue to be a vital part of their communities.”1 

Osborne adds: “For too long, the British economy has been reliant on businesses based in our cities and towns. That means setting the right conditions for rural communities and businesses to thrive, investing in education and skills, improving rural infrastructure and allowing rural villages to thrive and grow.”1