23
Nov
Government Housing Scheme that can help the southampton housing
market.
The property market is not exactly booming but most think that
David Camerons new plan will help the housing market, if the plan
is promptly executed and properly maintained.
Prime Minister David Cameron and the Deputy Prime Minister, Nick
Clegg, arrived in Guildford to announce the governments new Housing
Strategy which will be underpinned by a new mortgage initiative for
new homes.
It will mean the return of ninety five per cent mortgages for new
build homes and a mortgage indemnity scheme,Which the government
will guarantee part of the risk for lenders, that could help nearly
100,000 people.
The Prime Minister has also committed to providing an additional
200,000 new homes by 2015 with a “build now, pay later”
deal. DCLG will now work with Whitehall to release ‘as much
government-owned land as possible’ for private development.
Local councils will also be encouraged to make their unused land
available for development.
The government says that it appreciates the need for higher
availability of personall mortgage finance and responsible lending
to the significant number of home purchasers who can afford
mortgage payments, but do not have the levels of deposit currently
required by lenders.
The host for the launch, Ian Baker, Linden Homes Group Managing
Director, said, “This is a significant step forward in making
responsible, affordable lending available to home buyers across the
country to help them purchase the home they’ve always
wanted.
Location believe that this scheme may help to boost the housing
market in and around Southampton, as it brings great opportunities
to both first time buyers along with Investors and Property
developers.