The Government have announced plans to discuss allowing people to build larger extensions on their homes up to 8 meters long for detached houses.
Figures were released which indicate a backlog of approximately 400,000 potential homes which have planning permission but have yet to have work commence on them. The coalition has had a reshuffle this week and is searching for ways to enhance the economy to try and end the current recession.
If the proposed change in rules were to go ahead, planning permission required for extensions for more than three or four meters from the rear wall of a home would only be required for homes reaching beyond 8 meters for detached houses and 6 meters for others.
A review of the rules will also be looked at on shop and office expansion as well as affordable housing. Shops and offices would have the opportunity to extend by 100 square meters and units on industrial estates by 200 square meters.
On top of the proposal, there will also be £300 million of additional finance which will be able to provide 15,000 affordable homes and hopefully free 5,000 empty homes back into use.
Prime Minister, David Cameron and Deputy PM Nick Clegg have publically announced that 16,500 first time buyers will receive help so they are able to get onto the property ladder through an extension of the FirstBuy scheme.
This will allow first time home owners without a deposit to receive an equity loan of up to 20% of the property purchase price.
David Cameron commented on the announcement: “This government means business in delivering plans to help people build new homes and kick-start the economy.
“We're determined to cut through the bureaucracy that holds us back. That starts with getting the planners off our backs, getting behind the businesses that have the ambition to expand and meeting the aspirations of families that want to buy or improve a home.”