Starter Homes Will Be Out Of Reach For Majority Of Needy Families

Discounted starter homes could be out of reach for the majority of families in need of an affordable home in many parts of the country. First-time buyers will be able to buy 200,000 new starter homes over the next five years at a minimum discount of 20 per cent to the market value. Discounted prices will be capped at £450,000 in London and £250,000 elsewhere. The LGA said the national starter homes scheme could help some people onto the housing ladder but that crucial details are yet to be confirmed. It is concerned it will help the fewest numbers of people in areas where the housing affordability crisis is most acute and will be out of reach for many people in need of an affordable home in the majority of local areas. Read more on the LGA website.