12 Mar

HBF optimistic about homebuying scheme

HBF optimistic about homebuying scheme

A new scheme to help people onto the housing ladder could be successful in bolstering the property market, the Home Builders Federation (HBF) has commented.

HBF head of communications Steve Turner said the launch of HomeBuy Direct, on which the body is partnering with the government, is "a shared risk option for people purchasing houses and to make it more attractive for people to step back on to the property ladder".

He suggested the programme could "generate some interest" in the property market, explaining that the body is keen on any move that could help create more construction industry jobs.

Mr Turner stated that an increase in lending and consumer confidence will lead to demand for the building of a "significantly large" number of new homes.

The National Housing Federation has warned that without government initiatives, the number of new homes built in England in the next financial year could drop by half.

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