Chancellor George Osborne has said he wants to reform planning laws to make it easier for villages in England to build new starter homes. The changes would allow councils to allocate more sites for building homes specifically for people who already live or work in the area.
As part of package of reforms that includes improving transport, schools and broadband in rural areas to boost the rural economy, the Government’s “starter homes” scheme, which was announced before the election for brownfield sites, would also be extended to some villages.
The initiative offers young local first-time home buyers a 20% discount on the price of the property. As it stands, the discount will be offered on homes up to £250,000 outside London and £450,000 inside London.
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