Yesterday we had a workshop, introducing us to script writing for a news piece. We had a guest speaker come in - Zoe Sale, who started off in Journalism and has since worked for Channel 4 on many different projects. It was very exciting talking to her as it sounds like she has enjoyed a good career so far in television. Helen asked us to get into pairs and gave us all a press release. Ellen and I decided to work together and were given a press release from 2014, talking about the Government funded 'Rent to Buy' scheme that was announced by Eric Pickles MP. It was created to allow young people living in the South East and London to make their way up the housing ladder with hopes of buying in the future. The South East and London are the most expensive regions in terms of housing in the UK which makes it virtually impossible for many first time buyers to actually put down a deposit for a house. The scheme aimed to reduce rental costs and allow people to save for a deposit in future. When Ellen and I first received the press release, we found it rather difficult to comprehend, however, after researching into the scheme further, we were able to understand it a bit more. We decided to look into whether the scheme had been a success or a failure for the most part. With expectations of failure, we were very surprised to find a few articles where the scheme had greatly helped individuals. This gave us something to base our script on. We started the script with an intro piece by the presenter in the studio and then introduced the scheme with the statistics from the original press release. To develop on this and make the news piece more up to date, we introduced our findings of progress.
‘Government Housing scheme proves a success for families across the South East’ - Presenter in studio
Communities Secretary Eric Pickles MP announced his scheme back in 2014, promoting a ‘Rent to Buy’ approach for first time buyers. The price of housing in the South East has rocketed in recent years making it almost impossible for those looking to put down a deposit. The scheme allows people to rent cheaply whilst saving with the promising outlook for buying in the future.
2 years on, we have investigated stories of progress.
Adam Stephens and his family became one of the first to join the Rent to Buy scheme, paying £635 per month, which is 20% less than on the open market. They found that the biggest bonus is receiving a 10% gifted deposit from ‘Rentplus’ which should allow them to buy the house within 10 years.
(Cut to interview on location - with Adam Stephens and Reporter)
Questions:
1. Would you recommend the ‘Rent to Buy’ scheme to first time buyers?
2. Do you feel as though the scheme has successfully set on your way to putting down a deposit?
(Cut back to Studio)
On another note RentPlus, a business that supplies rent to buy homes, have received 20% increase in funding to put towards the scheme. This is positive step for young first time buyers as the daunting prospect of renting and never being able to afford a mortgage is a ever growing issue. Although this scheme has proved to so far be helpful, the time it takes to still get a deposit together is approximately 10 years and this alongside the rent and increasing price of housing. - Presenter in studio
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