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Shapps commits to home ownership ideal
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The age of home owning aspiration is back according to housing minister Grant Shapps.

Speaking in London this morning Shapps said that the government would promote home ownership by cutting red tape, encouraging shared ownership and building more homes. He said 1.4 million people want to buy their own homes adding that "a quarter of a million people can afford a mortgage of at least 80% loan to value but cannot find a lender". He said banks would have to explain to him why this is.

Replying to a question from HBF expressing industry concern about the transition from previous planning policies to the government's favoured localism agenda, Shapps said that he understood the concerns and that new "powerful incentives" would encourage home building. He added that he hoped to make a planning policy announcement to parliament within a month.

Shapps also offered some comfort to those concerned that HomeBuy Direct would be scrapped, saying that it appeared to be working and he would not "upset the apple cart" on this.

Source: Housebuilder

See Also:   (6711), (23), (84), (62)

Date Published: 08 June 2010

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