The coalition has proposed to pay councils for their approval of building homes in their county.
This will provide upto STG1bn for something they should be doing anyway!!
What they haven't done is to read my blog explaining that if the Bank of England / Government put a cap on mortgages to individuals, they still won't have any buyers!!
So approve the building of 100 houses at STG 168k. Deposit required STG 42k amount of first time buyers maybe 5% !!!
It's doomed and a cash cow for councils
Having said that maybe a few builders will be employed
Still doomed!!
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