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The Lib Dems vow to build more homes

November 23, 2019 12:18 PM

keyOur plan is to build at least 100,000 homes for social rent each year and ensure that total housebuilding increases to 300,000 each year.
We promise that new houses will meet zero-carbon standards and it will devolve full control of Right to Buy to local councils.

The manifesto reads: "People are struggling to afford good homes in in the right location: house prices are too high and the possibility of owning a home seems remote for many people; the private rental market is expensive and insecure; and there are not enough homes for social rent to meet demand.
"We need to build 300,000 homes per year just to meet current demand, but are barely building half that amount.
"The Conservatives, looking back to the 1980s, have tried to solve the problem of unaffordable homes by extending Right to Buy, but that has only served to deplete stock and deepen the crisis in social housing.

"Liberal Democrats are looking to the future and will oversee a substantial building programme to ensure that everybody has a safe and secure home."
The Lib Dems want to introduce a Help to Rent consisting of government-backed tenancy deposit loans for all first-time renters under 30.

Hemat Natha, director of Mortgage Advice Point, said: "It's fantastic news, helping to provide renters with the deposit.
"And social renting is great, but the targets are ambitious. If the Lib Dems get into power these targets need to be put into practice and followed up.

The party also wants to promote longer tenancies of three years or more with an inflation-linked annual rent increase built in and to improve protections against rogue landlords through mandatory licensing.David Smith, policy director for the Residential Landlords Association, added: "We welcome the Liberal Democrats' plans to support younger tenants in accessing rented housing with a deposit loan scheme.
"This is a policy we have long been calling for and believe it could considerably improve prospects for younger people.
The Lib Dems vow to help those who cannot afford a deposit by introducing a new Rent to Own model for social housing where rental payments give tenants an increasing stake in the property, owning it outright after 30 years.

The party wants a stamp duty surcharge on overseas residents purchasing second home properties.