Housebuilding at the forefront in election manifestos
On the 14th April the Conservative Party launched its election manifesto with housebuilding, housing provision and home ownership at the top of the agenda.
This follows Labour’s manifesto launch the day before which also proposed policies to boost new homes supply by building at least 200,000 homes a year by 2020. Labour confirmed its plans for housing growth areas with priority for first time buyers, plans for garden cities and a Future Homes Fund generated from deposits in the Help to Buy ISAs.
The Conservative manifesto confirms that they would extend Help to Buy equity loan to run until 2020 with the mortgage guarantee element running to 2017. Their manifesto also confirms plans to build 200,000 starter homes and the launch of the Help to Buy ISA. In addition, there will be a Brownfield Regeneration Fund aimed at building 400,000 new homes on brownfield land by 2020. Prime Minister David Cameron also confirmed that he would extend the right to buy to housing association tenants.