Tuesday, 26 June 2018

Lib Dems propose land-buying agency to boost house building

State-backed British Housing Company would compulsorily purchase land at low cost

Vince Cable is to propose a state-backed agency to compulsorily purchase land for building and call for measures to allow construction on some green belt sites.

In a speech at the Royal Institute of British Architects in London on Tuesday, the Liberal Democrat leader will also propose a big expansion in rent-to-own, where some people in new developments could pay a market rent in exchange for a gradual stake in the property, thereby subsidising social rents.

Related: Buy-to-let has skewed housing market and must be curbed, says thinktank

Related: Single first-time buyer in London needs 17 years to find 15% deposit – report

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Follow this link for more info: https://www.theguardian.com/society/2018/jun/26/lib-dems-vince-cable-land-buying-agency-to-boost-house-building