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Cameron promises 200,000 new starter homes


Prime Minister David Cameron has promised that 200,000 new starter homes will be built in England by 2020, if the Tories win this years general election.
Cameron said that the extra homes will be made available to first time buyers. This is an extension on the coalition government plans to build 100,000 cut price homes specifically for people aged under 40 years. This will now be doubled if the Tories are elected.

In England, first time buyers who are under the age of 40 can register to buy new homes with a 20% discount. This is part of the governments new “starter homes” scheme, and will be paid for by waiving the fees homebuilders have to pay to local authorities under so-called Section 106 agreements.
The Conservatives say homes worth £250,000 outside London - or £450,000 in London - would be eligible for the scheme and that first-time buyers would have to repay the 20% price advantage if they sold within five years.

David Cameron said:
"The young people in their 20s and 30s still living with their parents, desperately saving for their own place. The couple who want a child but can't afford to upsize - even though they have both got have full-on, full-time jobs. It shouldn't be this way.
"Our goal is a Britain where everyone who works hard can have a home of their own.
"We've shown what we expect starter homes to look like - not rabbit hutches or shoeboxes, but decent, well-built, homes with gardens - places to start and raise a family.”

Labour have claimed that the coalition government had seen the lowest levels of housebuilding since the 1920s and home ownership was at its lowest level for thirty years.

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