Following today’s announcement of the ‘Homebuy Direct’ package, which HBF worked closely with Government officials to design, Stewart Baseley, Executive Chairman of the HBF said: “Today's announcement is very welcome and great news for home buyers and the industry alike. HBF has worked closely with Government to design a workable product for both customer and seller, and 'Homebuy direct' will assist to both deliver desperately needed affordable housing, and protect house building industry capacity - so vital if we are to provide the houses we know this country needs in the future. We look forward to working with the new Homes and Communities Agency to ensure its speedy and effective implementation. “The housing market is so critical to the wider economy that such Government intervention is imperative. We now need to see further steps taken to restore mortgage provision, with urgent action on Sir James Crosby's recommendations a necessity." - Ends - Notes to Editors: 1. The Home Builders Federation (HBF) is the principal representative body for private sector home builders and voice of the home building industry in England and Wales. The HBF’s 300 member firms account for some 80% of all new homes built in England and Wales in any one year, and include companies of all sizes, ranging from multi-national, household names through regionally based businesses to small local companies: www.hbf.co.uk 2. HBF initially pressed Treasury and CLG to introduce such a scheme, and then worked closely with the HC (now HCA) to design a scheme that was workable for both the industry and house buyers. For media enquiries, or to arrange an interview, please contact Steve Turner 020 7960 1606 07919 307 760 steve.turner@hbf.co.uk
