katie bond, director of notting hill home...
TRANSCRIPT
Slide 1
Katie Bond, Director of Notting Hill
Home Ownership
Slide 2
Slide 3
NO
•Are there any new ideas?
•Solution is in delivering them differently.
Slide 4
Slide 5
• Over 3 years supply
in long term land
banks.
• 72,000 plots with
outline consent stuck
in planning system.
Slide 6
• National Government need more
housing to be delivered.
• Need ambitious targets.
• Devolve power – make it work for
Local Government.
Slide 7
• Westminster ‘Stick’ – obligate Local Authorities to CPO land stuck
in land banks and provide as serviced plots.
• Switch grant to these serviced plots.
• Sticks by themselves won’t work…
Slide 8
• Devolve power to Local Government.
• Free reign on type of housing that is delivered.
• Increase borrowing caps for those who want to build.
• Offset it against those who don’t.
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Slide 10
Drainage Roads
• Serviced plots = self build and small builders.
• Reduce upfront costs and risks.
Slide 11
Penkhull, Stoke on Trent
Self build in Europe
• Self build only 7% of UK
market.
• Unmet demand for self
build in UK.
• Penkhull project in Stoke
on Trent delivered 6 self
build houses through
serviced plots.
Slide 12
Almere, Netherlands, the custom build model
Slide 13
Slide 14
Home How it Serviced Design Build Models works plots
LAND
DESIGN
BUILD
Identify and purchase service plots
Enter your requirements and design your home.
Look through our approved contractors and select one to build your home.
Start designing now
CLICK HERE
Take the tutorial
Slide 15
• 500,000 16-24 year olds not in
education, employment or training.
• Nationwide construction
apprenticeship scheme.
• Jobs to deliver serviced plots.
Slide 16
• Average price of UK home is
£172,000.
• Average price of London home
is £437,000.
• Service plots sold at subsidised
level.
• Value restriction on title.
• Government mortgage
guarantee.
Slide 17
• Land will be cheaper.
• Online self design reduces costs.
• Self build reduces build costs by 15-20%.
• Value restricted in perpetuity.
CPO / reduced
land value
Initial home
value
Yearly inflation
(CPI)
Ongoing home
value
Initial home
value
Build costs +
builder margin
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Anyone can access an affordable home but no one
makes huge profit.
Better communities.
Slide 20
230,000
additional
homes
No additional
grant
HRA
headroom not
reduced
Slide 21
230,000
additional
homes
No additional
grant
HRA
headroom not
reduced