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A Housing Strategy for England
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Steve Lees, Director at SmartNewHomes comments on ‘A Housing Strategy for England’:

“The Government’s new build mortgage indemnity scheme provides a welcome lifeline for perfectly credit-worthy first time buyers who are struggling to raise the large deposits necessary to buy their first property.

"Improvements to affordability will drive demand, so I am pleased that the mortgage scheme is announced alongside a new £400million fund to get stalled developments moving, which will help ensure these funds make a real difference to the wider economy. Over the long term hundreds of thousands more new homes need to be developed every year and it remains to be seen what impact the new Localism Act will have on development levels once it finds its feet among communities.”

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Date Published: 21 November 2011

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