The UK Chancellor George Osborne is set to announce the government's plans for the economy in the up-coming Autumn Statement.
The government is seeking to inject 10bn into the economy from taxing pensions and large property owners and cutting benefits. The proposals are subject to much speculation and there is still concern from those in the house building industry as to how the government intends to tackle the low house building rate and kick start the stagnant property market.
Home Builders Federation (HBF) shed some light on what they think can bring a greater impact on the economy. They wish to encourage the government to help the house building sector grow by providing expedient measures for gaining planning permission, allowing development to begin on stalled sites through the Get Britain Building plan and pushing the NewBuy mortgage schemes which allow first time buyers to put down a smaller deposit on a property purchase.
Boosting the housing market and allowing more houses to be build will not only provide many much needed new homes but will also provide job opportunities to trickle down to various industries.
To date various schemes introduced by the Government have failed to have much of an impact and there were 12% less new homes registered in 2012 than in the previous year, despite a huge requirement for more housing across the country.
The Home Builders Federation is urging the UK Government to use the Autumn Statement to set out strong measures for tackling the housing crisis and kick start those schemes already in place but little utilised.
Stewart Baseley, the current Chairman of the Home Builders Federation, supports his organisation's views, calling for the government to consolidate their goals of boosting the economy by allowing more development.
He stated he would like to see ministers taking a more radical approach to increasing the number of new homes being built and that by boosting the housing building industry, the economy as a whole would benefit with more jobs and more new homes.
Current figures show that it takes, on average, 8 years for a young person to save for a deposit to buy a home and even then they may not pass the stringent borrowing conditions required to get a mortgage to fund the rest of the purchase. As well as building more houses, freeing up blocked development sites and pushing various schemes to help new home owners and the building industry, the government also needs to ensure banks relax their lending procedures.
The government is seeking to inject 10bn into the economy from taxing pensions and large property owners and cutting benefits. The proposals are subject to much speculation and there is still concern from those in the house building industry as to how the government intends to tackle the low house building rate and kick start the stagnant property market.
Home Builders Federation (HBF) shed some light on what they think can bring a greater impact on the economy. They wish to encourage the government to help the house building sector grow by providing expedient measures for gaining planning permission, allowing development to begin on stalled sites through the Get Britain Building plan and pushing the NewBuy mortgage schemes which allow first time buyers to put down a smaller deposit on a property purchase.
Boosting the housing market and allowing more houses to be build will not only provide many much needed new homes but will also provide job opportunities to trickle down to various industries.
To date various schemes introduced by the Government have failed to have much of an impact and there were 12% less new homes registered in 2012 than in the previous year, despite a huge requirement for more housing across the country.
The Home Builders Federation is urging the UK Government to use the Autumn Statement to set out strong measures for tackling the housing crisis and kick start those schemes already in place but little utilised.
Stewart Baseley, the current Chairman of the Home Builders Federation, supports his organisation's views, calling for the government to consolidate their goals of boosting the economy by allowing more development.
He stated he would like to see ministers taking a more radical approach to increasing the number of new homes being built and that by boosting the housing building industry, the economy as a whole would benefit with more jobs and more new homes.
Current figures show that it takes, on average, 8 years for a young person to save for a deposit to buy a home and even then they may not pass the stringent borrowing conditions required to get a mortgage to fund the rest of the purchase. As well as building more houses, freeing up blocked development sites and pushing various schemes to help new home owners and the building industry, the government also needs to ensure banks relax their lending procedures.