Finance ‘an issue’ for government’s building plans

Measures aimed at boosting the economy by encouraging construction through less stringent planning controls have come under fire, with critics claimin…

Measures aimed at boosting the economy by encouraging construction through less stringent planning controls have come under fire, with critics claiming people don't have the funds to pay for these.

The government said on Thursday (September 5th) that it would ease requirements for housebuilders and pledged to underwrite up to £10 billion of borrowing.

This will also make it easier for homeowners to extend their properties, however, critics suggest people haven't got the capital for this scheme to be helpful.

Director of development at DTZ Karen Charles said what is needed is a financial incentive to carry out home improvements.

Emma Humphreys, partner at Charles Russell law firm, said the scheme was "ill-thought through".

“If planning officers are no longer to have any input on certain types of extension, this is likely to lead to an increase in neighbour disputes – something the courts have tried to discourage,” she added.

By Paul Thacker

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