Buy your new home now and pay later with Shapps’ new housing scheme

Buy now, pay next year. It’s something you usually hear when you buy a new sofa or TV, not a new house. Now Grant Shapps is introducing a “build now, pay later” scheme for new homes.

The Housing Minister is leading a new government scheme to help boost the struggling house building industry and allow house builders to build and sell new homes before having to pay for the land that they are built on.

This “buy now, pay later” scheme is being backed by the Homes and Communities Agency and will have a big effect on the construction industry.

The initiative is expected to create 18,000 construction jobs and will see an estimated 3,000 new homes built this year. The scheme is expected to deliver 60,000 new homes over the next decade.

Six sites have been chosen for the wave of new homes. Dave Wilson Homes, Keepmoat and Swan and Countryside have been named as the main contractors and the sites in question are in Basingstoke, Northampton, Telford, Hemel Hempstead, Tower Hamlets and Nottingham.

This new scheme by Grant Shapps and the government will be a huge boost for the housing industry, and will help first-time buyers get on the property ladder, which the government set out to do in their Budget for 2011. It will also create thousands of jobs for plumbing, electrical and gas contractors around the country.

What do you think of Shapps’ new scheme? Let us know on the comments section below or on the Train4Tradeskills Facebook and Twitter pages.


About Train4tradeSkills

Train4TradeSkills offer the only trade training skills courses that combine three great ways to learn, through a unique blend of book based theory, practical workshops and virtual reality PC based training, to help you qualify you as a plumber, electrician or gas engineer. No other learning provider offers our unique way to study, with full tutor support, easy to follow, step by step modules. Once you complete one part of the course and return your work for marking, the next stage of the course automatically follows. It’s as easy as that. It’s fun, it’s easy to follow... and it can be fitted around your existing work and family commitments!

Posted on March 31, 2011, in construction jobs, construction news, Electrical News, electrician jobs, plumbing jobs, Plumbing News, train4tradeskills and tagged , , , , , , , , , , . Bookmark the permalink. 1 Comment.

  1. Sound like a bad idea, i try not to listen to anything our government says.

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