All posts tagged First-time buyers
Just before Christmas the DCLG Select Committee inquiry report into how the NPPF is working in practice was published
When conducting this it was discovered by the committee that developers were abusing any loopholes in the agenda. This is leading to developments that area not desired by locals and the community.
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A recent high court judgment underlines the clear need for homebuyers to undertake far deeper due diligence through their conveyancer to test sellers’ responses contained in the Sellers Property Information Report (SPIF)
It was thought that a seller would be bound by their representations if made during the course of a conveyance. However in the recent case of Thorp and another v Abbotts and another [2015] the High Court has dismissed a claim of misrepresentation.
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Prime Minister David Cameron has pledged that if the Conservatives win the next election his party will ensure that 100,000 new homes for young first-time buyers available at a 20 per cent discount are built on brownfield land.
Such schemes would be exempt from some environmental requirements, subject to lower or perhaps zero Community Infrastructure Levy rates and would not be required to provide a proportion of affordable housing, Cameron suggested.
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