7
We asked the Department about the similarities between the new First Homes policy and the...
Conclusion
We asked the Department about the similarities between the new First Homes policy and the Starter Homes policy. The Department emphasised how they differ: • First Homes will be sold at a higher discount of at least 30%, compared with 20% for Starter Homes; • the discount will exist in perpetuity—it will be passed on to future buyers when First Homes are resold, unlike Starter Homes where the discount accrues to the homeowner over time; • First Homes will be sold only to local first-time buyers; and • First Homes will be delivered through the existing planning system so, unlike Starter Homes, are not dependent on new legislation.20 12 Qq 41–48 13 Q 87; C&AG’s Report, Figure 3 14 Qq 50–51 15 Q 63 16 Qq 52–54 17 Q 63 18 Q 58 19 Q 64 20 Qq 82–83 10 Starter Homes
Source
Committee
Public Accounts Committee
Inquiry
Starter Homes
Report
Thirty-first Report - Starter Homes
09 Dec 2020
HC 88
Addressee Bodies
HM Treasury
Timeline
Recommendation age
5.5 yrs
Report published
09 Dec 2020