On 28 February the government opened registration on the Starter Home website for young first time buyers to register their interest in purchasing a new build property via the starter home initiative which launched in December 2014 and offers a 20% discount to an estimated 100,000 first-time buyers of newly built homes. Under the initiative [...]
Vacant Building Credit (VBC) was introduced in November 2014 and provides an incentive for developers on sites containing vacant buildings. It allows for a financial credit equivalent to the existing gross floorspace to be offset against any affordable housing contribution where a vacant building is to be brought back into lawful use, or is to [...]
January 2015 Neighbourhood Planning is a key component of the Localism Act 2011, and has been operating in England for over two years. Speaking in July 2014, Planning Minister Nick Boles described it as “a powerful set of tools for local people to get the right types of development for their community, whilst also planning [...]
Important S106 update – a new era for planning obligation contributions or indeed significantly reduced contributions!
January 2015 Many local authorities have yet to adopt a Community Infrastructure Levy (CIL) charging schedule. Indeed, we are aware that a good number of planning authorities are at least 12 months – 2 years off finalising an appropriate local area CIL tariff tax on development. We have been waiting on DCLG to announce a [...]
The tide has turned or so it seems the ‘nae sayers’ have retreated to their lairs and the prospects for the property industry are looking brighter. The economic indicators appear favourable with the Government’s growth forecasts improving. The regeneration sector has started to stir with local authorities looking to be able to deliver development with [...]