One of Britain's biggest housebuilders urges government to support first-time buyers

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UK Housebuilders Urge Government to Support First-Time Buyers Amid Cooling Market

Britain's largest housebuilder is urging the government to announce more support for first-time buyers, warning that the looming budget has cast a "very long shadow" over the property market. Jennie Daly, CEO of Taylor Wimpey, has called on policymakers to introduce practical measures, such as a similar property tax break or the reintroduction of a help-to-buy equity loan scheme, to aid first-time buyers.

The expiry of the stamp duty holiday in March marked a significant change in support for first-time buyers, with Daly warning that the lack of direct assistance could exacerbate the cooling market. The government's previous help-to-buy programme, which offered a 20% loan for new-build homes, assisted mostly first-time buyers to purchase properties.

Daly argued that an equity loan scheme would "really start to move the first-time buyer into the market" and have material benefits for the wider economy. She pointed out that this type of scheme could help achieve the government's ambitious target of constructing 1.5 million homes in five years.

However, Daly warned against an "accumulation of regulation," arguing that green measures could become unviable to build new homes in poorer areas of the country. The high cost of complying with energy efficiency rules means that builders are more likely to opt for areas where they can easily recoup the cost, reducing their ability to build in lower-priced regions.

The government's "future homes standard" is expected to be unveiled in December, and Daly cautioned about the potential costs of regulation. She warned that while energy efficiency was important, "these regulations have a disproportionately negative effect in lower price areas."

Industry reports show that build costs, including materials and labor, have risen by 20% in recent years. The lack of support for first-time buyers has led to a decline in sales and order books for housebuilders, with Taylor Wimpey's sales dipping in recent months.

As the housing market cools, Daly emphasized that uncertainty is a major concern for consumers. However, she pointed out rising expectations of interest rate cuts in December and another in the new year, which could provide some relief.

A government spokesperson has stated that the government is committed to building 1.5 million homes, with a new permanent mortgage guarantee scheme helping buyers with deposits as small as 5% to own a home.
 
🤔 I think it's super reasonable for the UK gov to step up support for first-time buyers, especially with the market cooling down 📉. The lack of direct assistance is already having an impact on sales and order books for housebuilders, so some kinda help-to-buy scheme would be a big boost 💸. I mean, who doesn't want to own a home without breaking the bank? 🏠 It's not just good for first-time buyers either, but also for the economy overall 📈. We're already seeing rising expectations of interest rate cuts in Dec and Jan, so some kind of support would be a welcome relief 😌.
 
So I'm reading this news about UK housebuilders and they're saying the government needs to support first-time buyers more 🤔. I mean, it's not like they don't already have some schemes in place, but apparently it's just not enough. Taylor Wimpey is saying that if the government doesn't do something to help out first-time buyers, it could really mess up the housing market. They're talking about things like a property tax break or an equity loan scheme, which could be pretty helpful 🤑.

But here's the thing - the problem isn't just about helping first-time buyers, it's also about making sure that builders can afford to build in all areas of the country, not just where it's easy and profitable 💸. The government's "future homes standard" is going to be out soon, and I'm worried that it's going to be another regulation that's too expensive for builders to comply with. That could lead to them only building in certain areas, which isn't good for anyone 🤷‍♀️.

I think what we need is a balance between supporting first-time buyers and making sure that builders can build affordable homes everywhere 🔒. The government's already got some schemes in place to help with deposits, but more needs to be done 📈. I'm keeping an eye on the interest rate situation - if there are cuts coming up, it could really give the housing market a boost 💪.
 
Wow 🤔 Interesting how housebuilders are trying to balance green regulations with build costs! Like, I get it, we need energy efficient homes but it's gotta be feasible for builders in all areas 🌍
 
🤔 I'm starting to think that the gov's help-to-buy schemes are kinda like a Band-Aid on the property market wound... they're trying to support first-time buyers, but I don't know if it's enough. Like, what about people who can't even get a mortgage with 5% deposit? 🤑 It feels like we're just kicking the can down the road until something else comes along. And have you seen the prices of build materials and labor lately? 20% rise in just a few years... that's insane! 💸 I mean, I get where they want to be energy-efficient and all that, but it's gotta be done in a way that doesn't crush builders' ability to work in lower-priced areas. 🤷‍♂️ Maybe we need to think about how we're supporting first-time buyers in different ways? 🤔
 
I think it's pretty concerning that the UK housebuilders are having to beg the government for help with first-time buyers... 🤔 The whole situation feels like it's getting more complicated by the minute. With all these new regulations and whatnot, I'm worried that builders are gonna be priced out of certain areas altogether. Like, if you're a builder in London or something, sure, they can just slap on some eco-friendly features and call it a day... but where are they supposed to build when costs are through the roof? 🚧

And have you noticed how the government's always talking about 'helping' first-time buyers, but what they're really doing is just passing the buck. They give them all this lip service, but at the end of the day, it's still up to the builders and the banks to make things happen. It's like, come on, guys... how hard can it be to figure out a way to support first-time buyers without making it too expensive for everyone else? 💸
 
I'm not sure about all this talk of government support for first-time buyers... I mean, don't get me wrong, it's good that they're trying to help out, but have you seen the state of the economy lately? 🤔 The stamp duty holiday was supposed to be a game-changer, and now it's just a memory. 20% of homes are still way out of reach for most people.

I'm all for helping first-time buyers, but we need some real solutions here. It's not just about throwing more money at the problem. We need to look at the bigger picture and figure out why build costs have skyrocketed in the first place. Is it just a case of 'green' measures becoming too expensive? I get what they're trying to do, but let's make sure we're not pricing people out of the market altogether.

And don't even get me started on interest rates... 🤑 What if the rates actually go up instead of down? That would be a major bummer for first-time buyers. So yeah, I'm all for government support, but let's make sure it's practical and doesn't just create more uncertainty.
 
I FEEL LIKE WE'RE GOING TO SEE SOME BIG CHANGES IN THE UK HOUSING MARKET SOON! WITH TAYLOR WIMPEY AND OTHER HOUSEBUILDERS URCHINING FOR MORE SUPPORT FOR FIRST-TIME BUYERS, IT'S CLEAR THAT THE GOVERNMENT NEEDS TO STEP UP AND OFFER SOME REAL HELP. AN EQUITY LOAN SCHEME COULD BE A BIG WIN-WIN FOR BOTH FIRST-TIME BUYERS AND THE ECONOMY. BUT AT THE SAME TIME, WE CAN'T IGNORE THE ISSUES WITH REGULATION AND BUILDING COSTS. IT'S LIKE, WE WANT TO PROTECT THE ENVIRONMENT WHILE ALSO MAKING SURE PEOPLE CAN AFFORD TO BUY HOMES IN DIFFERENT PARTS OF THE COUNTRY 🌎💰
 
🤔 The gov's been pretty chill on first-time buyers lately & it's affecting the market big time 🏠💸. I think they should give 'em some serious support, like that help-to-buy scheme from last time 🤑. It's not just about the individuals, but also about boosting the economy 💪. The fact that builders are gonna opt out of building in poorer areas due to regulations is pretty sad 😔. They need to find a balance between being eco-friendly & keeping costs down for everyone 🌎💕. Maybe a tax break or something to make homes more affordable? 🤷‍♀️
 
🤔 come on govt how about u help out first time buyers?? its not like they got a lot of options rite now its all chill till march then welp ur stuck 🤑 the stamp duty holiday expired n woe is u lol but seriously 20% loan schemes r the way 2 go jenni daly get it 😂 i dont think green measures r cool n all that jazz but if its gonna make a diff for th economy n help out first time buyers den y not jus do it?? 🤷‍♂️
 
man I feel so bad for first-time buyers right now 🤕 they're already struggling and then the stamp duty holiday ends? it's like a punch in the gut. I know some of my friends who are trying to buy their first home and it's getting harder by the day. 20% rise in build costs is crazy, i mean even i couldn't afford that kind of price tag 🤑

i think the government should really consider introducing more support for them, like Daly said an equity loan scheme would be a great help. and yeah, it's not just about the buyers, it's also about the economy, if we can get first-time buyers into the market, it'll create jobs and stimulate growth 📈

but at the same time, i don't want to see all these regulations piling up and making it impossible for builders to even start construction in some areas. that would be a disaster for everyone involved 💔
 
OMG u gotta feel for these first-time buyers in the UK right now 🤕! The market is getting all chill & it's like they're stuck in neutral 🚗💨. I think the government should really consider introducing some new schemes like an equity loan thingy to help 'em out 💸🏠. It's not just about first-time buyers though, it's also about building affordable homes in areas where ppl need 'em most 🔧💕.

I mean, 20% rise in build costs is crazy talk 🤯! And now the gov's all like "future homes standard" but that just means more regulations & higher prices 📈😩. I get it, energy efficiency is important, but come on, can't we find ways to make it work for everyone? 🤝💖
 
omg, can't believe they're not doing more for first-time buyers 🤯 this cooling market thing is just causing so much stress for people trying to get on the property ladder! like, what's the point of having a budget if you're just gonna take away the support that actually helps people buy homes? 🤑 I'm all for green measures and energy efficiency, but not at the expense of affordability in lower-income areas 🤕 20% rise in build costs is crazy, and it feels like they're just expecting builders to be miracle workers with their regulations... meanwhile, consumers are getting hit hard by interest rates 📉 gotta keep an eye on this one, feels like a ticking time bomb 👀
 
🤯 I'm literally dying over here! 🤕 How can they not provide more support for first-time buyers?! It's like, they're leaving them high and dry during this economic downturn. I mean, what's the point of building 1.5 million homes if people can't even afford to move into them? 🏠😩 And don't even get me started on the rising costs of materials and labor... it's like, who can even afford a home anymore?! 🤯 The government needs to step up their game and provide some real help for these young folks. This is just ridiculous. 😡
 
🤔 The gov's got a tough road ahead on supporting first-time buyers in this cooling market 🏠💸 I think they should definitely consider introducing some practical measures like that equity loan scheme, it'd really give people the push they need to get into the market 💪. But at the same time, we can't forget about all those green regulations and how they're affecting builders in poorer areas of the country 🌿🚧 It's a delicate balance, but if done right, it could be a game-changer for the economy 👍
 
I think the government should do more to help first-time buyers... but wait, no, I mean, maybe they shouldn't overdo it, 'cause all that support could just make the market too hot and lead to some crazy prices 🤯. At the same time, I'm like, totally sure that we need some kind of scheme to get more people into the market... or do we? Like, what if it just encourages everyone to buy a house they can't afford? 🤦‍♀️ And on the other hand, isn't the whole point of this help-to-buy stuff supposed to be about giving regular folks a chance at homeownership? So yeah, maybe that's not so bad... 😐 Anyway, I guess what I'm saying is we need to find a balance between helping people and not making it too easy for them to mess up 🤔.
 
I think its gonna get tough for first time buyers in uk 🤕. they need some sort of help like equity loan or tax break to enter the market. builders are already feeling the heat, and cooling market is making things worse 👎. we cant blame them for prioritizing their cost tho 💸. but still, its a shame that gov is not doing enough to support our first time buyers 🤷‍♂️. might be good if they introduce some sort of incentive to encourage builders to build in lower priced areas 🏠👍
 
the gov's all about supportin' first-time buyers, but like, what's the plan? it feels like they're just throwin' bones out there and hopin' somethin' sticks 🤷‍♀️. Daly makes some valid points tho, like how regulation can kinda... suffocate builders in poorer areas. 20% rise in build costs is no joke 🚧. i'm not sure about the permanent mortgage guarantee scheme tho, it sounds like a Band-Aid on a bigger wound 💸. and yeah, uncertainty is killin' sales for these housebuilders 📉. seems like they're all over the place when it comes to supportin' first-time buyers.
 
Wow 🤯! So many builders are really struggling right now because of the lack of support for first-time buyers! The market is cooling and it's not just Taylor Wimpey, other builders are feeling the pinch too. They need some help from the government to make building more affordable. An equity loan scheme would be a great idea, but we don't want all these extra regulations that are making it hard for them to build in poorer areas 🤔. What if they can't recoup their costs and have to focus on more profitable areas? The government needs to find a balance between helping first-time buyers and not throwing too much money at the problem 💸.
 
🤔 think they're gonna have to do more than just promise things... like how many times did gov already say they'd build 1.5m homes? 🙄 we need actual solutions not just empty promises 💸 gotta be something that actually helps first-time buyers, not just some fancy 'temporary measure' 🕰️ green measures are cool and all, but if it means more expensive builds then what's the point of having affordable housing for everyone? 🏠 we need real change, not just lip service 😒
 
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