The National House Building Council (NHBC) has welcomed news from Government of a new equity loan scheme that will help first-time buyers to purchase new build homes. The details of the new initiative Your First Home are due to be announced in next month’s Autumn Budget.
Reacting to the announcement NHBC CEO Paul Turner said: “News from Andy Burnham and Angela Rayner of a new equity loan scheme to help first-time buyers purchase new build homes is a welcome boost for the industry.
“The security of owning a high-quality, safe and sustainable home has for too long been out of reach for many hard-working people. It is reassuring that Government has recognised this with material support that will help get people on the first rung of the housing ladder.
“But there is no one single solution to the housing challenge. Supply must also be addressed through accelerated planning reform and the easing of unnecessary regulatory burdens. What’s more it’s vital to keep focus on maintaining quality in the construction of new homes.”
NHBC is the UK’s leading independent provider of warranty and insurance for new-build homes. Our purpose is to raise standards in house building by championing high-quality homes and protecting homeowners.
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