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Shapps: 'The age of home-owning aspiration is back'

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Shapps: 'The age of home-owning aspiration is back'

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Published by Jon Land for 24dash.com in Housing

Shapps: 'The age of home-owning aspiration is back' Shapps: 'The age of home-owning aspiration is back'

Housing Minister Grant Shapps will today promise to help more people to become homeowners.

In a major speech to the Royal Institution of Chartered Surveyors, Mr Shapps will pledge to help Britons on to the housing ladder by slashing red tape, promoting shared ownership schemes for key workers and making it easier for social housing tenants to buy their homes.

In his address later today, Mr Shapps will promise to help more people 'achieve their aspiration to become home owners'.

According to Mr Shapps, 1.4 million people currently want to buy their own home, while another quarter of a million people can afford a mortgage of at least 80 per cent loan-to-valuation, but can’t find a lender.

“The banks and building societies will be asked to come and see me to explain why that is and what they plan on doing about it," he will say.

Currently around 68 per cent of English households own their home, the lowest percentage since 1991, according to the Government’s English Housing Survey.

Mr Shapps is also expected to set out how the Government will reward local authorities for new house-building, and giving communities more control over what is built in their area.

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