Minister gives £1.2bn starter homes scheme green light

A scheme outlined a year ago while David Cameron was still in power that enables first time buyers to purchase discounted starter homes has been given the green light by housing minister Gavin Barwell (pictured). He told Sky News yesterday that up to 500 brownfield sites within 30 local authorities will create up to 30,000 new homes during the current parliament, funded via a £1.2 billion Starter Homes Land Fund. The sites will include several town centres and, the government says, will support wider regeneration and growth of local areas. Barwell says construction will “start quickly” and that planning permission for the sites will be streamlined, simplified and therefore much less expensive than for normal developments, enabling the properties to be sold ‘at least’ 20% below market value. The homes will only be available to first time buyers between 23 and 40 years old and the scheme only applies to properties selling for a maximum of £250,000 outside London and £450,000 within the capital. Each of the 30 local authorities (see list below) has been selected because, the government believes, they can implement the new scheme the fastest. Authorities must now identify potential brownfield sites working in partnership with the…