Budget 2015: Buoyant Bovis Homes calls on Osborne for more Help to Buy support

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Home sales rose 3% to a new high of 1525 and the firm expects the full-year figure to top 3500.

A shift towards building more family housing and towards the South also boosted the average selling price by 10% to £264,000.

The Chancellor has already committed to extending the first part of the Help to Buy scheme — offering loans for deposits — until 2020, giving a shot in the arm to the market.

he Government also cut stamp duty bills for the vast majority of buyers in December.

 

Ritchie said: “We’d like ongoing support for the Help to Buy product, and for the regime that we now have in the planning environment.

“Two really vital things for us as a business are a ready supply of consented land over the medium term and the ability of people to draw a mortgage to buy a house.

“The mortgage market itself is in robust health and Help to Buy is still giving first-time buyers a great opportunity to start home ownership,” he added.

Source Article from http://www.standard.co.uk/business/business-news/budget-2015-buoyant-bovis-homes-calls-on-osborne-for-more-help-to-buy-support-10369007.html

July 7, 2015 |
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