You are here: Home - News -

Labour plans state mortgage scheme to boost young buyers

by:
  • 22/05/2017
  • 0
Labour plans state mortgage scheme to boost young buyers
Labour is working on a “state-backed mortgage scheme” that would help young adults buy a home.

The party has already pledged to make housing one of its key messages in the build-up to the 8 June vote.

It has promised to build over a million publicly funded new homes in five years, with at least half a million being council homes.

According to a report from BBC Newsbeat, Labour leader Jeremy Corbyn told the broadcaster about the plans at a rally in Birmingham.

He noted that there should be a mix of rental and purchase property for young people but that “very high deposits” were a problem.

The Labour Party did not responded to a request to comment on the policy from Mortgage Solutions.

 

Election battle

Building more houses has been a key part of the election debate so far.

The Conservatives said they would deliver on their 2015 commitment to build one million homes by the end of 2020 and added half a million more by the end of 2022.

They have also pledged to see through reforms included within the Housing White Paper.

And the Liberal Democrats vowed to offer new direct spending on house building to help build 300,000 homes a year by 2022.

There are 0 Comment(s)

Comments are closed.

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.

Read previous post:
Miles Shipside
Supply shortage shunts average asking prices to new high

Property asking prices hit a record high and chalked up their fifth consecutive monthly rise in May, according to the...

Close