The credit crunch and ongoing constraints in the lending environment is impacting on the market for new homes and the ability to bring forward sites for new housing.
Are housing delivery plans out of date?
In many locations, housing supply plans in SHLAAs, regeneration frameworks and development plans involve proposals in areas where the housing market saw disproportionately large falls in values and transactions during the recession.
These plans are therefore at greater risk of non-delivery and sites may not be deliverable or developable.
To assess the degree of risk, NLP has developed the Mortgage Availability Index (MAI) tool which identifies the proportion of planned housing sites at risk of non delivery in a locality. Applicable as part of SHLAA methodologies or in order to test land supply trajectories, the MAI is a valuable research tool that has been considered by planning inspectors and given weight at appeal.