Property News · May 21, 2016

Labour calls for councils to help first-time buyers


Shadow chancellor John McDonnell says cheap, local authority-backed mortgages can help address decline in home ownershipCouncils should offer cheap, local-authority backed mortgages to help first-time buyers and bring in rent regulations, according to the shadow chancellor, John McDonnell. In a speech at Labour’s state of the economy conference on Saturday, he will say the party wants to address the “freefall decline in home ownership among young people”, pointing to a number of Labour councils that are underwriting mortgages or lending money directly. Continue reading…

Source : theguardian.com
Read more…Labour calls for councils to help first-time buyers

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