Nine Months on - How Help-to-buy Is Affecting the House Building Market
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WWW.EQUE2.CO.UK NINE MONTHS ON - HOW HELP-TO-BUY IS AFFECTING THE HOUSE BUILDING MARKET Debates about Help-to-Buy rumble on, but it’s already clear that house building software is key to helping builders factor its impact into their sums.
Transcript of Nine Months on - How Help-to-buy Is Affecting the House Building Market
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NINE MONTHS ON -HOW HELP-TO-BUY IS AFFECTING THE HOUSE BUILDING MARKETDebates about Help-to-Buy rumble on, but it’s already clear that house building software is key to helping builders factor its impact into their sums.
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WHEN HELP-TO-BUY (HTB) WAS UNVEILED IN THE 2013 BUDGET, CHANCELLOR GEORGE OSBORNE PROMISED
£12 BILLION
IN MORTGAGE GUARANTEES TO REVITALISE THE STAGNANT HOUSE-BUYING MARKET.
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WHEN HELP-TO-BUY (HTB) WAS UNVEILED IN THE 2013 BUDGET, CHANCELLOR GEORGE OSBORNE PROMISED
£12 BILLION
IN MORTGAGE GUARANTEES TO REVITALISE THE STAGNANT HOUSE-BUYING MARKET.
A YEAR ON, HE EXTENDED THE SCHEME FROM 2016 TO 2020 AND PREDICTED THAT
120,000
HOMES WOULD BE BUILT BETWEEN THOSE YEARS.
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IT’S A FAR MORE EFFICIENT WAY TO PROMOTE HOUSE-BUILDING THAN GOVERNMENT SPENDING, AS IT LEVERAGES PRIVATE MONEY, the Chancellor’s aides told the media.
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SOME THOUGHT HTB WOULD CREATE A PRICE BUBBLE, BUT BY MID-2014, SUCH FEARS WERE BEING DOWNPLAYED.
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SOME THOUGHT HTB WOULD CREATE A PRICE BUBBLE, BUT BY MID-2014, SUCH FEARS WERE BEING DOWNPLAYED.
IN JULY, BOVIS HOMES SAID THE SCHEME HAD UNDERPINNED THE BEST FIRST-HALF IN ITS 129-YEAR HISTORY, WITH SALES UP A WHOPPING
54% YEAR-ON-YEAR.
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RESEARCH BY REMOVALS SPECIALIST BISHOP’S MOVE, HOWEVER, THEN SUGGESTED HUGE REGIONAL VARIATIONS IN AWARENESS OF HTB. IN THE NORTH-EAST,
25% KNEW NOTHING OF IT.
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RESEARCH BY REMOVALS SPECIALIST BISHOP’S MOVE, HOWEVER, THEN SUGGESTED HUGE REGIONAL VARIATIONS IN AWARENESS OF HTB. IN THE NORTH-EAST,
25% KNEW NOTHING OF IT.
MANY IN THE SOUTH-WEST (28%) AND YORKSHIRE (26%) HAD HEARD OF IT, BUT DIDN’T KNOW WHAT IT WAS.
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PARLIAMENT’S SPENDING WATCHDOG, THE PUBLIC ACCOUNTS COMMITTEE (PAC), PUBLISHED A DAMNING REPORT SAYING HTB FLOUTED TREASURY GUIDELINES AS OPTIONAL WAYS OF USING THE FUNDS HADN’T BEEN CONSIDERED.
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THE GOVERNMENT HAS COMMITTED TO SPENDING UP TO £10 BILLION ON SUPPORTING THIS SCHEME, WITHOUT ESTABLISHING IF IT REPRESENTS THE MOST EFFECTIVE WAY OF USING TAXPAYERS’ MONEY,” SAID PAC CHAIR, Margaret Hodge.
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HOUSEBUILDERS THEN FACED TWO SERIOUS QUESTIONS:
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HOUSEBUILDERS THEN FACED TWO SERIOUS QUESTIONS:
HOW SHOULD THEY EFFECTIVELY FACTOR IN
REGIONAL VARIATIONS TO THEIR BUSINESS MODELS?
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HOUSEBUILDERS THEN FACED TWO SERIOUS QUESTIONS:
HOW SHOULD THEY EFFECTIVELY FACTOR IN
REGIONAL VARIATIONS TO THEIR BUSINESS MODELS?
HOW SWIFTLY COULD THEY RE-ADJUST IF MS HODGE’S LABOUR PARTY CAME TO POWER IN 2015
AND ABOLISHED HTB?
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USING SPECIALIST HOUSE-BUILDING SOFTWARE IS THE MOST OBVIOUS SOLUTION. TO INCREASE EFFICIENCY AND CERTAINTY FOR NOW, AND ENABLE RAPID FUTURE FINE-TUNING WITHOUT THE NEED TO HIRE EXPENSIVE SPECIALIST STAFF.
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