You are here: Home - News -

BSA looks at off-site building to remedy UK housing crisis in latest report

by:
  • 17/11/2016
  • 0
BSA looks at off-site building to remedy UK housing crisis in latest report
The Building Societies Association (BSA) is set to launch a report which will encourage the industry to look into off-site house building as a method of tackling the housing crisis in the UK.

At its annual lunch today, the BSA will unveil its latest housing report: ‘Laying the Foundations for Modern Methods of Construction (MMC)’, where, along with housing minister Gavin Barwell as keynote speaker, it will outline what it believes will address the growing demand for houses against the lack of housing stock available in the country.

The BSA will endorse the concept of off-site house building as a way of  tackling the shortage of housing supply in the country.

Richard Bacon, MP for South Norfolk and member of the all party parliamentary group on self-build, custom and community housebuilding said MMC has already seen huge changes in recent years. He said bespoke houses, which are configured on laptops and then delivered within weeks with water, heating and electric already in place, are an indication of what the market should be doing.

“Buyer demand is already growing for these types of houses and will grow further, as MMC becomes a conventional choice to tackle the housing crisis,” said Bacon.

Elsewhere in the report, it calls for the government to nurture growth of the industry and lead by example with its own developments. It also sees the government as the catalyst to bringing the housing industry together.

The BSA want more help to be given to valuers and lenders so that they both understand the different systems of MMC that are available. The BSA also wants to see terminology and systems standardised across all channels, with additional information delivered through online hubs.

The report also suggests the Royal Institution of Chartered Surveyors should provide guidance for its members through its Valuation Professional Standards, with a focus on devising a standard approach that all valuers should adhere to during mortgage valuations.

BSA chairman, Dick Jenkins, said alternative building technology needs to become as conventional and mainstream as brick and block has been in the past and if that was achieved it would be a ‘game-changer’ for the industry.

 

 

There are 0 Comment(s)

You may also be interested in

Read previous post:
Govt urged to launch equity release public campaign

The government needs to give the equity release market the same level of support it gave pension reforms, if those...

Close