Can 200,000 starter homes be built by 2020?

The claim: The government will not be able to achieve the manifesto commitment to build 200,000 starter homes by 2020.

The verdict: It currently seems unlikely because money has only been set aside for 60,000 starter homes. Also, the current plan is for 22% of new developments to be starter homes, which would mean one million suitable homes being built by 2020 – that would be a significant acceleration of house building.

The government announced on Tuesday that it had given the go-ahead for the construction of thousands of starter homes.

Starter homes are new homes built for first-time buyers between 23 and 40 years old, sold at least 20% below market value. The maximum price after the discount has been applied is £250,000 outside London and £450,000 in the capital.

The Conservatives made a commitment in their manifesto for the 2015 general election to build 200,000 starter homes – the pledge to do so by 2020 was repeated in the call for expressions of interest in building starter homes that was released last March.

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Build-Zone provides Housing Associations and registered Social Landlords with up to 12 year’s structural warranty cover

The Structural Warranty is suitable for regeneration projects and mixed use projects.

​Builders or Developers must register with Build-Zone to be eligible for this scheme and must comply with the Build-Zone Code of Conduct..

Features of the Social Housing Warranty:

  • 10 or 12 year Structural Warranty cover
  • No Registration Fees
  • We can consider covering part-completed or completed projects
  • Full risk transfer in years 3-10 (or 12) of cover
  • Additional cover available for loss of rent
  • Cover available for mixed-use developments
  • Cover for health and safety of occupants (where an Approved Inspector provided building control)
  • Cover for contaminated land (where an Approved Inspector provided building control)
  • Cover as standard for alternative accommodation, additional costs, removal of debris and professional fees
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Build-Zone Warranty for Commercial Projects

The Build-Zone Warranty for Commercial/Projects has been designed for new builds & conversions of commercial & mixed use developments of any size. These include Student Accommodation, Care Homes, Offices as well as Industrial Units & Retail Units.

Features of the Commercial Warranty:

  • Cover available for loss of rent and alternative accommodation
  • Reduced cost and risk in comparison to collateral warranties
  • Waiver of subrogation rights possible
  • Flexible financial limits can be agreed subject to referral
  • Makes re-sale more attractive & is fully transferable to subsequent owners
  • Cover can be arranged on completed or part-completed properties
  • The policy covers the structure of the building for 10 or 12 years, with defective weatherproofing covered from year 2
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We are fundraising for Save the Children – Christmas Jumper Day

It has now become a tradition for the Self-Build Zone and the Build-Zone team to take part in the annual Christmas Jumper Day on the 16th of December.

Christmas Jumper Day is all about getting silly for a serious cause. People across the UK will be dressing up in their festive knits on the 16th of December and showing off their silliest side, all to raise money for Save the Children.

Once again, the Self-Build Zone and Build-Zone team will be partaking in the Christmas Jumper day on the 16th of December. All money raised from participants will be donated to Save the Children, as well as money raised from a team bake sale on the day.

Watch this space, for some silly and festive updates!

Structural Warranty for your New Home by Build Zone

House Builders and Developers now have more choice than ever in selecting their provider of New Home Warranty cover on the homes they are building, extending or converting.

structural-warranty

Developers are keen to remain independent and are seeking innovative ways to set themselves apart from the competition around them.

Cover is available for projects involving new build, conversion & mixed-use developments. Builders or Developers must register with Build-Zone to be eligible for this scheme and must comply with the Build-Zone Code of Conduct.

Features of the New Home Warranty:

  • No membership or registration fees
  • Recognised by lenders and complies with the Council of Mortgage Lenders initiative
  • We can consider covering part-completed or completed projects
  • Fast quotation turnaround
  • Quick response from professional, nationwide technical auditing/survey service
  • Flexible payment method
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