Some 200,000 homes will be made available to first-time
buyers in England by 2020 if the Tories win the election, David Cameron is to
promise.
The coalition government has already announced plans for
100,000 cut-price homes for people aged under 40.
The PM says the Tories will double that if they gain power,
to give more people the security of owning their own home.
Labour has pledged to build 200,000 new homes a year by
2020. The Lib Dems have set out plans to build 300,000.
First-time buyers under the age of 40 in England can now
register to buy new homes at a discount of up to 20% off the normal price.
'Young people'
The offer is part of the government's new "starter
homes" scheme to encourage home ownership and construction on previously
used "brownfield" land.
The 20% discount is achieved by waiving local authority fees
for homebuilders of at least £45,000 per dwelling on brownfield sites.
The Conservatives are now proposing to change existing planning
rules to allow councils to include discounted starter homes in the obligations
expected of developers, alongside social housing and properties sold at full
market value.
It believes the change will give councils and builders more
flexibility about the make-up of new developments and make more brownfield
sites - including land owned by the public sector - viable for development.
The Conservatives say homes worth £250,000 outside London -
or £450,000 in London - would be eligible for the scheme and that first-time
buyers would have to repay the 20% price advantage if they sold within five
years.
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