HOUSEBUILDING heavyweight Persimmon has seen its efforts to help struggling first-time buyers get their foot onto the property ladder begin to pay off. The group has received £35 million of funding from the UK government under the FirstBuy scheme where the housebuilder and the state stump up the deposit between them, the largest allocation given to a housebuilding firm under the programme. Potential first-time buyers have been struggling to get onto the property market because lenders are demanding large deposits, typically of up to 20 per cent. Persimmon updates investors this week on … [Read more...]
Self-build: Should people build their own homes?
July 20, 2011 By Leave a Comment
The government wants to double the number of people building their own homes. But is it wise to encourage the population to take up DIY housebuilding? Programmes like Grand Designs tap into the desire to build your dream home. Now the government - keen to raise the stubbornly low housebuilding rate - wants to start "a self build revolution". Housing Minister Grant Shapps will later this week launch an action plan to double the number of self-build homes within a decade. In reality, few Britons follow the Grand Designs model. The show's creator Kevin McCloud argues that Britons buy … [Read more...]
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