Press Release
NHBC's comment on the Draft Legislative Programme
14 May 2008
NHBC, the UK's leading standard setting and home warranty provider for new homes, welcomes the proposals in the draft Queen's Speech to establish a fund to help social tenants rent or first time buyers purchase newly built homes.
NHBC's Chief Executive Imtiaz Farookhi said "The industry is facing many major challenges including targets to deliver more homes and to a higher environmental standard. In the third quarter of last year NHBC's First Time Buyer Index reported the most difficult conditions for first time buyers to enter the market since the Index was launched 28 years ago. "
"We therefore welcome the additional support for first time buyers which will help ease some of the current market pressures and look forward to further details. NHBC will use its unique position working closely with industry, government and consumers to help meet the housing challenges ahead."
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