Thursday, 16 April 2015

Helping more first time buyers onto the property ladder

More than 300,000 people took their first step on the property ladder in 2014.
Official figures from the Council of Mortgage Lenders show that there were more first-time buyers last year than any year since 2007. (Source: CML, 22 Jan 2015)
Our long-term economic plan is helping people achieve the dream of owning their own home by:
  • Introducing Help to Buy, which has already helped over 73,000 families – the vast majority first-time buyers – own their own home
  • Building more homes – housebuilding is at its highest since 2007 and planning permission was granted for 240,000 new homes in the year to September 2014
  • Reducing the deficit – so we safeguard the economy for the long term and keep mortgage rates low
When they were last in power, Labour wrecked the economy and getting on the housing ladder became nothing more than a pipe dream for thousands of hardworking taxpayers.
But by building a stronger economy and helping people buy their own home, our plan is backing hardworking families across the country – and securing a better future for Britain.