Overcast

Overcast

max temp: 13°C

min temp: 9°C

Search

Video: David Cameron unveils Conservative housing manifesto in Colchester

PUBLISHED: 18:13 02 March 2015 | UPDATED: 18:13 02 March 2015

Prime Minister David Cameron made a speech at ThinkBDW in Colchester,  setting out the Conservative Party's sixth manifesto theme

Prime Minister David Cameron made a speech at ThinkBDW in Colchester, setting out the Conservative Party's sixth manifesto theme

Archant

The Prime Minister has unveiled a five-point housing programme as the final theme in the Conservative general election manifesto.

Prime Minister David Cameron made a speech at ThinkBDW in Colchester,  setting out the Conservative Party's sixth manifesto theme Prime Minister David Cameron made a speech at ThinkBDW in Colchester, setting out the Conservative Party's sixth manifesto theme

David Cameron made a speech at Colchester-based property marketing agency Think BDW earlier this afternoon.

The Conservative party leader has said he wants to do more to allow people to buy their own homes by providing more affordable housing in the form of 200,000 starter homes which would be capped at £250,000 outside of London.

Starter homes would be made cheaper by reduced red tape, such as removing any obligation to give local authorities financial contributions to fund schools, health care and roads in the area known as section 106 money or the Community Infrastructure Levy in some areas.

He also pledged to continue the Help to Buy mortgage scheme, allowing first-time buyers to only find a 5% deposit, and the Right to Buy initiative for people to buy the council home they live in.

Prime Minister David Cameron made a speech at ThinkBDW in Colchester,  setting out the Conservative Party's sixth manifesto theme Prime Minister David Cameron made a speech at ThinkBDW in Colchester, setting out the Conservative Party's sixth manifesto theme

Mr Cameron outlined five key pledges during today’s event.

The five Tory commitments are:

1) Keep mortgage rates low

2) Build 200,000 new starter homes for first-time buyers under 40

3) Extend the Help to Buy scheme to 2020

4) Backing Right to Buy and provide more security for those who rent

5) Give local people more control over planning and protect the Green Belt

Mr Cameron said: “There is a particular kind of security that comes with owning your own home. Too many people have been denied that security.

“The young people in their 20s and 30s still living with their parents, desperately saving for their own place.

“The couple who want a child but can’t afford to upsize, even though they both have full-on, full-time jobs.

“It shouldn’t be this way.

“Our goal is a Britain where everyone who works hard can have a home of their own.”

Responding to concerns that even £250,000 would be too high for people on average or below average wages in the region he added: “We have strict rules about affordability and making sure people don’t take on mortgages they cannot afford, and that is one of the reasons we are seeing a sustainable housing boom.

“There are couple earning £25-30,000 who can’t get on the housing ladder, and that’s where Help to Buy helps them.

“The mortgage payments are about the same as their rent, and Help to Buy helps them with their deposit.

“No-one wants to go back to 105% mortgages and Northern Rock.

“People using Help to Buy have got reasonable jobs and are working hard.”

Commenting on social housing he added: “Up to now there has been a lot of market housing for sale and social housing for rent. I want to see more housing that us affordable for people to buy, and that is where starter homes can make such a big impact.”

The identity of a man found dead in a Colchester car park yesterday has been confirmed by police.

A charity for victims of childhood sexual abuse in Suffolk and Norfolk has appointed former Ipswich Town and England footballer Kieron Dyer as its latest ambassador.

Suffolk County Council leader Colin Noble is facing the fight of his political life after being challenged for the top job by fellow cabinet member Matthew Hicks.

A brand new imaging centre at Colchester Hospital which aims to speed up diagnosis welcomed its first patients today.

A drug addict died after he was stabbed to “teach him a lesson” for trying to rob a dealer of drugs, it has been alleged.

A lorry driver was reportedly threatened with a handgun during a robbery in an A12 lay-by in Essex last night.

A man’s body has been found in Leiston, police have confirmed.

Most read

Show Job Lists

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter
MyDate24 MyPhotos24