\u2022 <\/strong>Everybody is aware that there is a severe shortage of houses in the UK and each party has put forward their proposals. By 2020, the Conservatives have promised to build 200,000 starter homes for first-time buyers, more garden cities and a further 400,000 new units from brownfield land.<\/p>\n\n\n\n \u2022 The Conservatives have recently announced that they will extend Margaret Thatcher\u2019s famous Right to Buy policy and allow 1.3 million council tenants to buy their council homes at a heavily discounted price. The proposed discount will be worth 35% for a house after a housing association tenant has been in the house for three years with the value of the discount rising 1% for every extra year the tenant has rented in the public sector. In the case of a flat, the discount will be worth 50% after the first three years, rising by 2% each year afterwards.<\/p>\n\n\n\n \u2022 The Conservatives are pledging to extend their Help to Buy scheme to get more first time buyers on the housing ladder. This includes introducing a new ISA whereby the government will contribute \u00a350 for every \u00a3200 that aspiring homeowners save up towards a deposit for their first home.<\/p>\n\n\n\n The move will mean that someone saving up a ten per cent deposit on the average first-time buyer property valued at \u00a3150,000 will now have to save \u00a312,000 and the government will chip in \u00a33,000 more. The tax break will be capped at \u00a33,000.<\/p>\n\n\n\n \u2022 Perhaps most significantly the conservatives are saying NO to mansion tax which was proposed by labour and would have been payable on point of purchase on properties priced at \u00a32,000,000 and above.<\/p>\n With the UK on course for a Conservative government the property market looks set to continue to be prosperous. What are the Conservative governments residential property policies? \u2022 Everybody is aware that there is a severe shortage of houses in the UK and each party has put forward their proposals. By 2020, the Conservatives have promised […]<\/p>\n","protected":false},"author":1,"featured_media":190,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"yoast_head":"\n![\"Facebook\"](\"https:\/\/astonknowles.com\/news-and-views\/wp-content\/plugins\/social-media-feather\/synved-social\/image\/social\/regular\/96x96\/facebook.png\" "\\"Follow")
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