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    Getting Britain Building - new Government housing scheme revealed

    23rd November 2011

    David Cameron has announced new radical plans to restructure mortgage lending, which could boost housing completions by 30% according to Construction News (CN).

    The plan will see prospective home owners able to obtain a mortgage with as little as a 5% deposit. The first guaranteed mortgages are expected to be available from March 2012.

    The policy has been described as "radical and unashamedly ambitious", and could see hundreds of thousands of jobs on building sites and within support industries linked to house building, and will be welcomed by housebuilders, potential buyers and the construction industry as a whole.

    25 of the country's largest housebuilders have signed up, which represents more than 60% of current completions.

    As the UK's leading independent distributor of insulation and related products, Encon offer a complete range of products and services for national and local house builders alike. Give us a call and see how we can improve your supply chain today.

    A full Q&A on the new housing strategy is available on the BBC website by clicking the link below.