New budget will likely lead to construction boom, multiple sites to secure
The new budget revealed yesterday by Chancellor George Osborne includes plans for interest-free loans and guarantees to support £130bn worth of new mortgages from 2014.
Targeting mostly that category of employees who can't afford putting up the large deposits currently required by lenders, the Help to Buy program will grant applicants a 20% interest-free loan from the government, as long as they put down a 5% deposit and buy a newly-built property.
Moreover, the government also launched a £12bn guarantee scheme, starting in January 2014, that will support anyone buying a home up to the value of £600,000.
Given these positive circumstances, the construction market is set to boom over the next couple of years, with multiple new housing developments likely to appear all over the UK.
This translates into a serious increase in the level of demand for secure access solutions, one of Tensor plc's main areas of expertise.
Our gates and barriers can provide secure access to any new building site or finished residential development and they also fully integrate with our smart card and biometric access control systems giving customers full jurisdiction over movement and access in and around the site.
The gates and barriers are set to prevent unauthorised access, allowing for rapid communication when any delay occurs, such as when unauthorised personnel attempt to access a restricted area.
Additionally, our access restriction solutions can stop vehicles or personnel at the relevant barrier and prevent entry or exit until they identify themselves via their smart card and/or biometric fingerprint.