Steve Brine MP

for Winchester & Chandler's Ford

14 MAR 2012

Government support towards home ownership

The Conservative Government is taking robust action to help first-time buyers across Winchester and Chandler's Ford get on the property ladder.

Steve Brine says; "We are a nation of homeowners in Britain and for much of the twentieth century, home ownership levels indeed steadily increased. However, in recent years we have seen a striking increase in the number of people - particularly from the younger generations - opting to rent instead of buy, as property prices have shot up, deposit requirements rocketed, and the economic outlook remained uncertain.  Yet the aspiration amongst people to one day own a property remains as strong as ever."

In Parliament our local MP is leading the charge; he held a special debate in Parliament to discuss the problems first-time buyers face and is backing a number of key coalition proposals to really help people take that first step into home ownership. 

  • Help to Buy schemesThe government has created the Help to Buy schemes including 'Help to Buy Shared Ownership' and 'Help to Buy Equity Loan' to help hard-working people take steps to buy their own home. The 'Help to Buy ISA' pays first-time buyers a government bonus. For example, save £200 a month and we'll add £50, up to a maximum of £3,000, boosting your ISA savings of £12,000 to £15,000.
  • The Right to BuyThe Government is supercharging the iconic Right to Buy by increasing the maximum discount cap for tenants to £75,000. From 2 April 2012, this will triple the discount cap in most parts of the country outside London providing tenants who have the Right to Buy or Preserved Right to Buy with a real incentive to buy their home. We are also, for the first time inviting local authorities with an appetite to replace additional homes sold under the Right to Buy to sign an agreement with us that enables them to retain and spend the additional funds (after debt, costs and planned income) on replacement homes for affordable rent on a one for one basis nationally.

Steve Brine adds; "The range of schemes this government have set out are really exciting, especially given the difficulties young people across Winchester & Chandler's Ford have in getting onto the housing ladder. These measures are not the only answer and I would like the Government to do more, for-instance extending the stamp duty holiday for new buyers, but I hope they will offer real hope to many."

Conservative run Winchester City Council also operated its New Homes Programme, building new council homes across our area.

Pictured; Steve Brine officially opens The Dell, a new Radian housing development in Kings Worthy containing a mix of homes for rent and shared ownership.


More information ...

Steve Brine leads Commons debate on support for first-time buyers - see here

Find out much more about the Help to Buy Scheme 

See more about the revived Right to Buy programme

Read about Winchester's New Homes Programme

Back to all posts


What's your campaign?

Do you have a local issue you would like to campaign on alongside Steve Brine?  Get in touch today - see here.

Facebook

Sign up to e-newsletter

Sign up for email updates:

First name: *

Last name: *

Email: *

Postcode: *