21 Jun

Govt makes pledge for affordable homes

Govt makes pledge for affordable homes

The UK government has pledged £10 billion in loan guarantees which it has said will help to see the building of a greater number of affordable homes across the UK in the years ahead.

Earlier this week (June 19th), Shelter said that millions of families across the country face saving for ten years for deposits largely because of the fact they are staring at a mass of unaffordable homes.

Now the government has said that money will be set aside from its fund in coming years to go to local councils in the form of loans to allow them to build houses to let out to families most in need.

It is believed that this will see another 30,000 affordable homes built across the next few years, on top of the 170,000 already being built thanks to the build to let scheme announced towards the end of last year.

A second £3.5 billion will be made available to landlords in the private sector as part of a bid to have more companies as opposed to individuals become active in this particular market. ADNFCR-1222-ID-801602509-ADNFCR

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