The Help to Buy scheme created by the government in an attempt to help potential first-time buyers onto the ladder is to be extended
Housing is a key issue for the government, and Communities Secretary Sajid Javid has reiterated the government’s commitment to supporting first-time buyers and streamlining the planning system.
Prior to his Conservative Party conference speech, Javid confirmed that £10 billion will go towards funding an extended Help to Buy scheme, which will provide support to around 135,000 first-time buyers.
Many would-be first-time buyers have simply been priced out of the market, unable to save enough for a deposit on their first home, which Javid described as the “biggest barrier to social progress in our country today”.
The Communities Secretary also took aim at the planning system: “For decades our planning system has failed to plan for the number of homes we need. There has been too much control given to those who will never accept development”.
In addition to making changes to the planning system and extending the government’s support for first-time buyers, Javid also touched on the need for greater regulation of the private rented sector, with plans to make it easier for private tenants to seek justice through the courts should an issue arise. For more on this story, click the link below: