NewBuy scheme launches to help boost the property market
The government’s NewBuy scheme has been launched, giving property investors the chance to borrow up to 95 per cent of the value of a new home.
It is hoped that the initiative will help more people climb on to the housing ladder, with the construction industry and taxpayers acting as co-guarantors.
“Strong families and stable communities are built from good homes. That’s why I want us to build more homes and I want more people to have the chance to own their own home,” said prime minister David Cameron.
He added that along with a “rebooting” of the right-to-buy scheme, the government hoped to provide the bottom rung of the ladder for people to climb on to.
Grant Shapps, housing minister, said that Whitehall was not prepared to witness “an entire generation” be locked out of the housing market.
The announcement comes as the government prepares to end the stamp duty holiday later in the month.
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that they must have agreed to the Landlord break usacle in the contract, and so were aware it was a possibility. Of course by law, the Landlord isn’t necessarily granted possession unless the court order is served bailiffs etc etc, but am I wrong in having the opinion that a tenant who doesn’t leave and subjects the landlord to a lengthy and expensive process to remove them, and so jeopardising the new tenancy, as well as their own credit rating, and most likely withholding rent for this period, is the party who is in the wrong ? I feel that tenants these days are the more unethical party and as such should not be surprised when a usacle they have agreed to is exercised. If the tenants had a change of circumstance and served notice, the Landlord would also be subjected to high costs and aggravation! Landlords will not reduce their rents to assist councils who are inept at fixing the deepest of potholes. The mere prospect is laughable. Unless the councils can strike deals with non-consumer landlords, they need to realise that everyone is out to get all they can. No wonderful Big Society is on its way any time soon… Just a rant? Most definitely. But thank you for providing such a wonderful outlet for me
Gem