Have You Registered to Vote? Here are the Bullet Point Concerning Housing from the Major Parties
Government Party Policies on Housing
We compiled a list of government party policies on the housing, See how it may have an effect on your property or future investment.
Conservative Housing Plan
- Extend the right-to-buy scheme to housing association tenants.
- Build 200,000 homes for first-time buyers under the age of 40, to be sold at 20% below the market rate.
- Extend Help to Buy to cover another 120,000 homes.
- Introduce a new Help to Buy ISA to help young people save a deposit for their first home.
- Create a £1bn brownfield regeneration fund to unlock sites for 400,000 homes
Labour Housing Plan
- Introduce the Mansion tax
- 200,000 homes built a year by 2020
- They will unblock the supply of new homes by giving local authorities “use it or lose it” powers over developers who hoard land that has planning permission so that they can sell it on for a bigger profit, instead of building on it now.
- They will tackle empty homes by giving councils more power to charge higher rates of council tax on empty properties, and ensure new homes are advertised in the UK first, not overseas.
Green Party Housing Plan
- Greens commit to building 500,000 social rented homes by 2020.
- Funds provided by scrapping buy-to-let mortgage interest tax allowance.
- The Green Party will build 500,000 social rented homes by gradually increasing the social housing budget from £1.5bn pa to £6bn pa by 2017. They will pay for this by reforming landlord tax allowances to incentivise good practice rather than profits, starting by scrapping buy-to-let mortgage interest relief. They will also remove the borrowing caps from local councils.
- Cap rent and introduce 5-year tenancies
Liberal Democrats Housing Plan
- 300,000 new homes every year
- Set in motion at least 10 new Garden Cities
- 30,000 Rent to Own homes a year by 2020
- Ban landlords from letting out poorly insulated homes
UKIP Housing Plan
- They would eliminate stamp duty from all properties developed on Brownfield and remove VAT from all Brownfield conversion costs.
- They would establish the UK Brownfield Agency to compile and collate data for a National Brownfield Register, provide decontamination assessment grants, and low interest loans for decontamination and land remediation
- They would start by incentivising back into the market the 700,000 homes shamefully lying empty in our country when 700,000
- Prioritise social housing for people with parents born locally
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