Gareth Johnson MP welcomes Government Home Ownership scheme

 

The Department for Communities and Local Government has today announced new plans to boost home ownership across the country.

 

An estimated 100,000 prospective and existing homeowners will be helped to buy their dream home through the NewBuy Guarantee - a scheme that brings lenders, builders and the Government together to offer mortgages on new-build properties with much smaller deposits than currently required.

 

The increased demand in homes will also give a boost to the house builders and the economy, and see thousands of workers returning to building sits across the country.

 

Gareth Johnson MP for Dartford said “Getting a foot on the housing ladder is one of the biggest challenges young families face and this is why the Government is taking steps to help people buy new homes.  I am pleased that in Dartford we are seeing the re-development of the town centre and the building of new family homes,”

The last Government oversaw a sustained decline in home ownership, soaring waiting lists, and a fall in house building to its lowest peacetime levels since 1924. It is a difficult housing market at the moment but this sort of initiative plus the abolishing of the unpopular Home Improvement Packs has helped.

Gareth said “Whether we own a home or are looking to in the future a healthy housing market is in all our interests and schemes like this one will be one of the crucial building blocks needed to help repair the economy.”

ENDS

For further information contact Gareth on 0207 219 7047 or at [email protected]

For the full text of Justine Greenings statement go to: http://www.dft.gov.uk/news/statements/greening-20120308a/