Does Cameron want to have his cake and eat it?

November 2, 2015 in Press

Impassioned and fluid describes the speech flowing from Mr Camerons lips, but what of the content?
Vivienne Harris from Heathgate applauds the idea of creating new homes for sale or letting, and the possibility that first time, “would be”, buyers should have an opportunity to own property, in the same way that previous generations have benefitted. She says “The shortage of housing has been a big problem over the last 10 to 15 years, with councils selling off stock and the lack of new homes being built has never been properly addressed by the present or previous governments”.
Whilst the suggested 600,000 properties proposed over the next five years is a step in the right direction, will it prove adequate? Vivienne is concerned that it may be detrimental to the rental market and that in the rush to make Britain a nation of homeowners again, struggling families may encounter a more severe shortage of rental homes. From a business perspective more housing stock will create a busier market, but if, David Cameron, as mooted previously, wants the banks to relax their criteria, to ensure that mortgages become achievable for more people, then aren’t we going back to the days of boom or bust? On the one hand lenders subsequent to the financial crash were obligated to tighten controls for home loans and on the other hand, they will now be required to make funding easier for first time buyers. So is this a case of having ones cake and eating it?
VH1-NEW-APRIL15

London Property Magazine November 2015

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