Page 12 - Future Demands Jan 2021

But we know there is more to do.
Through our new £11.5 billion Affordable Homes Programme – the biggest investment in a decade – we will deliver up to 180,000 new affordable homes across the country.
But we are not just stumping up the cash: we are also providing new pathways into ownership.
This includes the new Shared Ownership model helping more people across the country realise their dream of owning their home.
Supporting ownership is one way in which we are supporting the country to build back better over the coming weeks and months.
Another integral aspect of that endeavour is ensuring that every single person in this country is safe, and feels secure in their own home.
We are delivering a new Building Safety Bill to bring about the biggest changes to building safety for nearly 40 years – improving regulations and bringing forward a clearer system
The Royal Institution of Chartered Surveyors will also be bringing forward new advice to foster a more proportionate approach to the use of these forms.
We have also announced nearly £700,000 to train more assessors, speeding up the valuation process for homeowners in cases where an EWS1 form is required. This training will mean up to 2,000 additional assessors within 6 months.
For times when assessments are genuinely needed, we are working urgently with professional bodies to increase the number of assessors to clear the backlog and resolve the issue for good.
Working together, we can deliver a fairer deal for homebuyers and support the market to build back better from this pandemic. In doing so, we will ensure that every single person in this country lives somewhere which is decent, safe and secure – a place they are proud to call home.
“HAVING A NEW GENERATION OF READY AND RARING FIRST-TIME BUYERS IS KEY FOR GROWTH”
FUTURE DEMANDS
This model will be fairer and more accessible, reducing the minimum stake in the property from 25 per cent to 10 per cent and relieving new shared owners from the cost of repairs for the first 10 years.
Through our First Homes scheme we will also take 30 per cent off the cost of new homes – typically saving first- time buyers around £70,000.
with residents’ safety at its heart. But some people already on the property ladder are now struggling to sell their flat because of EWS1 forms. We want to fix this complicated and painful problem.
We are working closely with industry on building safety issues affecting homeowners across the country. Both surveyors and lenders have confirmed that EWS1 forms are not required for buildings without cladding. This helps to clear the way for up to 450,000 flat owners to sell, move or re- mortgage their homes.
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