In a bid to shift from generation rent to generation buy, Cameron will say in his speech at the Conservative party conference on Wednesday that he hopes his new starter homes proposal can unblock housebuilding in the United Kingdom by abolishing demands that developers provide a certain amount of affordable housing to rent in new developments.
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It’s the final day of the Conservative conference in Manchester, and David Cameron closes it with his keynote speech.
‘It basically means ones that were only available for rent.
The policy change means that the definition of affordable housing now includes starter homes, as well as homes for rent.
Cameron will change planning rules to encourage developers to build more affordable homes for first-time buyers, the Conservatives have revealed.
“Don’t they realise other people want what they’ve got – a home of their own?”
Last year, 141,000 homes were built across the United Kingdom – just over half the number that experts say is needed to prevent house prices continuing to spiral.
The prime minister plans to expand house building across the country by urging banks to lend more and by dissolving existing planning rules.
“Because we know this; nothing is written”.
But home ownership, which has declined dramatically in recent years amid soaring property prices and high mortgage deposits, is a cornerstone of Mr Cameron’s Conservative philosophy and he will admit much more needs to be done to bring it within the reach of younger people. ‘After all, the officials who prepare the plans for the new homes, the developers who build them, the politicians who talk about them – most of these people own the homes they live in.
But Mr Cameron will say: “Over the next five years we will show that the deep problems in our society – they are not inevitable”.
Cameron, 48, has said he will step down by 2020 after his second term as prime minister and is increasingly interested in how he will be remembered.
The move is created to “turbocharge” the Tory drive to build an extra 200,000 starter homes a year.
Mr Cameron will say: “When a generation of hardworking men and women in their 20s and 30s are waking up each morning in their childhood bedrooms that should be a wake-up call for all of us”.
In sharp contrast, London’s mayor Boris Johnson called himself a “one nation” Tory and, in a swipe at the leadership front runner – Chancellor George Osborne – on cuts in tax credits, said: “We must ensure that as we reform welfare and we cut taxes that we protect the hardest working and lowest paid”.
He will add: “Yes, from generation rent to generation buy”.
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Work and Pensions Secretary Iain Duncan Smith said: “I’m not pitching for the leadership, I can tell you that”. My suggestion is that there is plenty of time for all that.
