Number Ten has announced the biggest government-led home building project since the redevelopment of the Docklands with the construction of 13,000 homes to be built in the Southeast.
Creating Homes… and Jobs
The homes will be built at a number of locations across the southeast including up to 25,000 in Hammersmith and Fulham in London. Further locations include Dover in Kent, Chichester in West Sussex, Gosport in Hampshire and Northstowe in Cambridgeshire
This house building project will help towards the Government’s mission to build one million new homes before 2020. The first phase of this is expected to occur over the next five years. There will also be job opportunities due to the sheer volume of houses that have been built. One of these job opportunities is for a house conveyancer to take on the responsibility of managing the legal process of the house changing ownership. There are conveyancers all over the country meaning that it would make sense to go with a company that are relatively local to you as there is no need to go far afield. For example if you live in London you may wish to use a conveyancing solicitors London company, such as https://www.samconveyancing.co.uk/Conveyancing-Solicitors/Conveyancing-Solicitors-London
with the same logic applying if you lived anywhere else in the UK.
The project will be commissioned to smaller house building companies rather than the big eight companies that account for more than 50 per cent of new builds in the country. Building will take place on Government-owned sites where consent for building is already in place. Any such major build will be intended to not only increase the amount of affordable homes in the southeast of the UK, but also to boost the local economy and job availability.
In addition to this project, the Government has also announced that a £1.2bn fund will be set for building starter homes on brownfield sites. These properties will be available under a Starter Homes initiative with options for first-time buyers, who will be able to buy properties with a 20 per cent discount on market prices. All houses under the Starter Home scheme will be priced under 450K.
The government has pledged to build 200,000 starter homes by 2020. According to the cabinet, this is the biggest government-led building project since the 1980s when the Docklands and Canary Wharf area of London was completely redeveloped.