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Tory Housing Policy “short sighted” and won’t work says Parliamentary Committee

A Parliamentary Committe chaired by a Tory Peer has criticised the Government’s housing policy and said that it won’t work.

“It is increasingly clear that we need to build more houses in

The Baroness O'Cathain OBE

Baroness O’Cathain

England and we wholeheartedly support that objective. However if we build those houses in the wrong place, to a poor standard,without the consent of local communities we are only storing up future misery for the people in those houses and others nearby.

“That is why we are recommending local authorities are once again empowered both to build new homes of their own, and to ensure all developments are of a suitably high quality.”

If your income is £25,000pa and you want to buy a house, 93% of England and Wales is beyond your means.

Even in more affordable regions, prices have risen dramatically. The north-east has low median house prices but the proportion of income needed to buy has almost doubled.

Guardian

Under the Tories the gap between wages and house prices is widening. In 1995, if you were on average pay and wanted to buy a house it would have cost between 3.2 times and 4.4 times your pay. Now, in many parts of England and Wales, houses are typically costing 6 times average earnings and in London it is twelve times.

Most mortgage lenders will not let you borrow more than 3.5-4 times your income and house prices have risen so much under the Tories that if your  income is £25,000 a year you cannot afford to buy an average house in 93% of England and Wales.

Even in Wallasey, where house prices are lower than the average for the North West, you would still find your choice limited. An income of £25,000pa would mean that, depending on which part of Wallasey you were looking at, average house prices would be 3.4-5 times your income. To find out where you could afford to own your own house under the Tories click here

Tory minister feared risks of right-to-buy policy

http://www.theguardian.com/politics/2015/apr/18/tory-cameron-hopkins-right-to-buy-home-sales-housing-association

Labour will use help-to-buy ISA’s to build 125,000 homes over 5 years

http://www.theguardian.com/society/2015/apr/04/labour-would-use-help-to-buy-isas-to-build-125000-homes-over-5-years

Labour protects services, builds communities

and deals with £17m overspend by previous Tory/Lib Dem administration.

£600,000 to improve property conditions in the private sector
£1.5 million for a new house building programme
£4 million for LED street lighting
£2 million more for highways – over and above Government funding
£365,000 to tackle anti social behaviour

“Our budget is responsible, sustainable and delivers social justice”  Cllr Phil Davies, Council Leader

Phil Davies