New builds to offer big markdowns for first-time buyers
Developers will soon be expected to offer discounts of between 30 to 50 per cent on some of the new build homes they build for local first-time buyers on modest incomes. Housing minister Christopher Pincher has said at least a quarter of developers’ contributions to affordable housing should include these types of discounted homes. “Ensuring access to homeownership remains a key priority and challenge for this government. However, rising prices, high deposits and difficulty accessing mortgage finance still mean that [...]