Home / News / Builders urge housing measures in Budget

Builders urge housing measures in Budget

House builders’ organisation the Home Builders Federation has set out the measures would like to see brought in to this week’s Budget in order to tackle the housing crisis.

HBF has called for a replacement of the HomeBuy Direct shared equity scheme to help first time buyers onto the housing ladder.

It wants the government to work with lenders and housebuilders to alleviate the lack of mortgage funding in the market and to introduce solutions such as mortgage indemnity insurance, and tax incentives for a First Time Buyers deposit savings scheme.

“By tackling our current housing crisis, we would create 200,000 jobs a year,” HBF executive chairman Stewart Baseley said. “This is a critical budget for the government if it is serious about its commitment to increase housing supply and boost the economy.”

See more news and blogs about the 2011 budget and vote in our poll >>

About Fiona Russell-Horne

Fiona Russell-Horne
Group Managing Editor across the BMJ portfolio.

Check Also

Ex-Arsenal player heads up BMF Conference Mental Health Workshop

Tony Adams, the former Arsenal and England captain, will be the guest speaker at the …