The UK government helps to repair old buildings

About two million potential homeowners in the UK mostly family people can’t get a mortgage, because it is not able to raise the required Deposit for the down payment.

Families live in rented houses and even governmental program Help to Buy is not able to help 78 per cent of households to get a loan for a home that matches the size of their family.

At the same time, payments on their mortgages – not a very onerous burden on the family – it is available 95% of families with low or average income.

The state requires funding for a major new building program aimed at supporting these families. This would allow families to find affordable house and reduce the load on the overheated rental market.

Investment of £12 billion pounds, less than 1% of GDP, could afford to build 600000 new homes and give a chance to half of the families living in rented accommodation, have your own home.

The real estate market in the UK – the center of attraction of investments from around the world, but the reality is that rising housing prices displace from the market of ordinary people. Therefore, the UK is in desperate need of new housing at prices that can afford thousands of families with low and middle income.

The government is already actively working in this direction. Such schemes какHelptoBuy already contributed to an increase in received loans from low-income families.

Work is starting on return of empty houses in the housing sector.

The essence of the program is that the homeowner is provided by access to loan at a fixed rate of 5% per annum for the repair of some empty houses in England.

Society of Environmental with the local authorities together have allocated about £3 million to repair homes, to bring empty houses up to the standards that are adopted. The funds should help Finance the restoration of hundreds of objects available for persons over 18 years of age and owns property, which is vacant 6 months or more.

The program is an excellent example, when the problem of affordable housing is solved in various ways. Now, when in the face of rising demand for homes, there is an acute shortage of supply of new homes, it makes sense to bring in a proper state the existing ones.

® Alice Morgan 05.09.2013.