Green = executive-style homes in lovely surroundings and in beautiful countryside or coastal areas – you choise – where, if you fancy a change or a trade up or downsize or you get a job elsewhere, you sell for something else of your choice
Brown = little boxes on brownfield sites, no planned infrastructure, forced to keep the “starter home for 5 years before selling, so if you get a job elsewhere or your family size increases beyond your number of (small) bedrooms, before 5 years is up, tough luck, you have to pay the 20% discount back if you need to move.
And what if your Local Plan doesn’t accommodate the “200,000 starter homes” but instead relied on affordable housing? Tough luck again, affordable housing is thrown out in this plan.
Can you work out how the “starter homes” are funded from this press release:
“The 20% discount will be paid for by waiving the fees homebuilders have to pay to local authorities under so-called Section 106 agreements, amounting to at least £45,000 per dwelling on brownfield sites.
The Conservatives say homes worth £250,000 outside London – or £450,000 in London – would be eligible for the scheme and that first-time buyers would have to repay the 20% price advantage if they sold within five years.”
Anyone else thinks there are more holes in this scheme than in a pair of fishnet tights?
East Devon Watch 