16 May

More small homes should be available for FTBs

More small homes should be available for FTBs

The government could be doing more to offer smaller homes under new build schemes across the UK to help boost home ownership.

While schemes like FirstBuy allow first-time buyers the chance to buy their first property at just 80 per cent of the value and with just a five per cent deposit, it can often be the case that they are either too expensive or too big for a market traditionally made up of young couples.

Martin Collett, operations director at the English Rural Housing Association, said: "They can look perhaps to use the planning system to deliver more affordable homes in rural areas and homes that are targeted at meeting the needs of local households, so perhaps some smaller units."

He said that homes in rural areas tend to be larger family homes, which are far from suitable for many first timers looking to get a foot on the ladder.ADNFCR-1222-ID-801364829-ADNFCR

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