After years of renting in Chippenham I finally bought my first home last year in Chippenham town. Buying your first home is difficult and that is why I am proud that the Conservative government will ensure that everyone who works hard is able to find a home of their own.
There is a particular kind of security that comes with having a home. Too many people have been denied that security, like those in their 20s and 30s still living with their parents, or a couple who want a child but can’t afford to upsize. It shouldn’t be this way.
That is why we are committing to build 200,000 cut-price, good quality starter homes for first-time buyers by 2020 – twice as many as currently planned. New rules will cut planning red-tape for starter homes, which means developers can build and sell them for 20 per cent less than the usual price.
These new starter homes will help tens of thousands of young people realise the dream of owning their own home. Our long-term economic plan is building a Britain that rewards hard work, making this a country where if you put in, you will get out.
To build a Britain where everyone who works hard can have a home of their own, the next Conservative government will:
• Help to keep mortgage rates low – so families are more financially secure – by continuing to work through our long-term economic plan, and clearing the deficit and running a budget surplus by 2018.
• Build more homes that people can afford, including 200,000 new Starter Homes exclusively for first-time buyers under 40 – 100,000 more than originally planned.
• Extend the Help to Buy Equity Loan scheme to 2020 to help more people onto and up the housing ladder.
• Give more people the chance to own their home, by backing the Right to Buy, and more security for those who rent by encouraging longer, family friendly tenancies and giving tenants more protection.
• Ensure local people have more control over planning and protect the Green Belt.