Builder buying out requirement to build affordable housing?

Discussion in 'Location, Location, Location' started by Smarff, Dec 29, 2016.

  1. Smarff

    Smarff New Member

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    4
    An estate agent advised us that the builder "bought out" the requirement to build affordable housing within an estate (building of the estate was paused in 2011 when the builder went bust and resumed in 2015/2016).

    Can anyone advise whether this is likely to be true, and if there is any way of verifying independently that it is the case? The Estate Agent also advised that buying out was no longer possible on newer estates- is it correct that the law has changed?

    Thanks,
     
  2. moneybox

    moneybox Frequent Poster

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    717
  3. Smarff

    Smarff New Member

    Posts:
    4
    Thanks for your help