Government to help house builders

The latest announcements from the Housing Minister Mr Shapps is to help house builders.

FTB will be able to buy new builds with a 5% deposit, meaning they can buy a house with just £10,000.

As with every scheme that deals with only new builds then this only helps builders. It won’t help anyone in a chain that needs a FTB coming in at the bottom.

There have been mutterings about building affordable homes but until they are actually built and I see the costs then I will assume they will actually be unaffordable!

So don’t believe the rhetoric – it’s helping builders not buyers

About 25 minutes in on Newsnight – housing minister

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