Labor said it would build 1.5 million new homes in the next parliament, reform the planning system and take a ‘brown field first’ approach to building in its manifesto, unveiled today.
Sir Keir Starmer, leader of the Labor Party, announced key policies for a future government, including plans already released to make the government permanent. Mortgage guarantee scheme.
Under the new name Freedom to Buy, it will increase the availability of mortgages with small deposits of up to 5% for first-time buyers.
But today’s big reveal of the manifesto also focused on housing construction objectives. In it, the party promises to improve home ownership by immediately updating the planning framework. It will increase housing targets, prioritize the use of brownfield sites and release lower quality land from the gray belt. In addition, the manifesto said, Labor would increase affordable housing.
Mortgage experts believed the slogan ‘Get Britain Building Again’ had more than a sense of déjà vu.
Speaking to the Newspage Agency, Coreco chief executive Andrew Montlake said: “I hope I’m proven wrong, but how many governments have promised to rebuild Britain, and how many have failed?
“Countless governments have crashed on the rocks of the construction industry, their promises slowly gathering dust. Planning reforms are another thing that has been over-promised and under-delivered.
“Let’s hope that the PvdA can follow up theory with practice. They seem to be the only party that has the potential to do this.”
Meanwhile, Justin Moy, director of EHF Mortgages, was concerned about the practicalities.
Speaking to Newspage, he said: “Building 1.5 million new homes is a dream because we don’t have the professionals, the infrastructure and the raw materials to make it happen.
“It will take a long time to implement these plans, and there are plenty of houses that can be quickly revitalized, combined with better facilities. mortgage ratesthat would provide a quicker and more effective way out of the current mess in the UK property market.”