Object

Representation ID: 71721

Received: 21/02/2020

Respondent: Pegasus Group

Affordability in Perpertuity
The commentary provided under this subheading relating to Starter Homes and Discount[ed] Market Sales is confusing and no context is provided as to the purpose of this text. However, in respect of the starter homes, it is assumed that this text relates to the proposed restriction period for the resale of starter homes. It is important that any such restriction period is properly considered and evidenced noting the impact that having a restricted period which is too long can make it difficult for first-time buyers to move on to a larger (or smaller) new home and can put off first-time buyers from taking up such products.

It is unclear what the text relating to Discount[ed] Market Sales relates to or its purpose and we would reserve the right to comment on this further once this has been made clear. Nevertheless, we would note that references to ‘determined by local incomes’ in considering what is market value does not accord with the definition of such affordable housing within the NPPF.