NHBC Welcomes Government First-Time Buyers Fund

 First-Time Buyers Fund

 First-Time Buyers Fund:The National House Building Council (NHBC) welcomes the Government’s proposals to establish a £300 million fund to help social tenants rent and first-time buyers purchase newly built homes. NHBC’s, Chief Executive Imtiaz Farookhi said,

 

 First-Time Buyers Fund: “The industry is facing many major challenges including targets to deliver more homes and to a higher environmental standard. In the third quarter of last year, NHBC’s First-Time Buyer Index reported the most difficult conditions for first-time buyers to enter the market, since the Index was launched 28 years ago.

 

“We therefore welcome the additional support for first-time buyers which will help ease some of the current market pressures and look forward to further details. NHBC will use its position working closely with industry, Government and consumers to help meet the housing challenges ahead.”

 

The NHBC was established more than 70 years ago as a non-profit distributing company. NHBC’s primary purpose is to help raise standards in the new- house building industry and provide consumer protection for new house buyers. NHBC’s ten year ‘Buildmark’ warranty covers more than 80% of homes being built in the UK and has protected almost 7 million homes. It has over 20,000 registered house builders and therefore represents a unique source of detailed, up-to-date information on new home construction and the house building industry.

 

 

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For more First-Time Buyer news register free www.myfirsthomeltd.co.uk

 

 

 

  • Eight out of 10 first-time buyers get deposit from parents (telegraph.co.uk)


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