Charles Haresnape says affordable homes should be built on green belt

POSTED: 22nd August 2013
IN: Newsroom

Commenting on today's research from the Local Government Association which found that almost 400,000 homes in England have planning permission but are yet to be built

Aldermore's Managing Director of Residential Mortgages, Charles Haresnape said:

"There is a severe shortage of housing in the UK which is driving up house prices and making it increasingly difficult for young people to get a first step on the housing ladder.

"The Government has gone some way to addressing this shortfall by increasing the supply of houses via Help to Buy and through some planning changes which have been positive. But a more radical approach is needed, and some areas in the green belt should be freed up for the development of homes including affordable housing.

"We also need to find a way of controlling the spiraling value of land once it gains planning permission as this is the largest cost component to buyers that can make houses unaffordable."


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