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2008
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September 2008
> Harvest Housing Group Welcome Plans To Improve Housing Market
The Government has today outlined new measures designed to provide vital assistance for the most vulnerable homeowners across the country, a move that Harvest Housing Group fully support.
Harvest welcome the proposals which will assist homeowners at risk of repossession, help first time buyers struggling to get onto the housing ladder, and enable the group to continue delivering quality, affordable housing.
The measures announced comprise of a mortgage rescue scheme to help thousands of homeowners at risk of repossession, a new shared equity scheme which will offer buyers currently frozen out of the mortgage market the chance to get onto the property ladder, and an immediate £400 million increase in spending power for social housing providers.
Commenting on the Government proposals, Harvest Housing Group Chief Executive, Ian Perry Said:
“Our role is to support neighbourhoods and we naturally welcome any positive move to assist families requiring more affordable options, some of whom are at risk of becoming homeless. Bringing forward funding will help to meet demand, cut waiting lists and offer real solutions for people in need. Indeed it is something Harvest have worked on already”.
“We have been able to launch new ways for people to get on the housing market e.g. taking a 75% share and then paying no rent on the remaining 25% for five years. Similarly we can also offer shared ownership at various levels, or a unique ‘try before you buy’ where customers can rent at below market rent whilst they decide to buy.”
The Housing Corporation has also announced today that £306.9 million has been allocated to deliver 4,000 affordable homes for rent and 2,185 for sale (6186 total) following the second round of its regular market engagement.