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Home Builders Federation

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@HomeBuildersFed

We are the voice of the home building industry in England and Wales. Our members deliver around 80% of the new homes built each year.
London hbf.co.uk Joined August 2010
579 Following 23K Followers 6.3K Posts

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Home Builders Federation Verified account @HomeBuildersFed
To resolve the current overuse of and uncertainty created by Planning Performance Agreements, we’re calling on Government to 👇

📌Require local planning authorities to publish annual information on the value and allocation of PPA income received to create greater transparency.

📌Develop a more consistent national framework for PPA structures, charging schedules and service standards.

📌Publish updated guidance on when PPAs and Extension of Time (EoT) agreements should be used and how realistic timelines should be agreed.

📌Discourage the use of EoTs and PPAs as a routine response to resource constraints.

📌Continue investing in the recruitment, retention and training of planning officers, specialist consultees and technical experts.

These recommendations will increase transparency, reduce variation between authorities, and address the underlying capacity challenges that contribute to delays.
Home Builders Federation Verified account @HomeBuildersFed
Loan-to-value limits on new build apartments can be 5, 10 or even 15 percentage points lower than on existing homes. That can mean finding a 15% deposit for a new build flat, compared with 5% for a second-hand property. Coupled with viability challenges in building flats, it’s easy to see why this type of development is increasingly becoming a no-go for investment.
Home Builders Federation Verified account @HomeBuildersFed
Today's Budget comes as our latest SME survey revealed that 95% of SME home builders lack confidence that national policy will address their businesses’ challenges.

Meaningful action to address viability, alongside a Your First Home scheme that works in practice, provides a real opportunity to shift the dial on SME sentiment. With 93% of builders saying measures to boost buyer demand would positively influence their development plans, the details we have been waiting for will make all the difference.

Full survey finding👇️
buff.ly/PZnNjX3