New Homes Boost For West Midlands Area

The recent announcement of the building of 300,000 homes in the West Midlands area by 2018 should prove excellent news for mortgage advisers and property developers in the area. With subsidised mortgages and a government backed mortgage guarantee scheme likely to be in place for these bills, getting the wheels in motion again as far as new house builds are concerned seems only a few months away. It is estimated that land has already been earmarked and planning permission obtained for over 150,000 houses in the West Midlands district. Some of this land was bought as long ago as the 1970s, and much of it was bought before the recent recession in 2007.

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