But Richard Capie of the Chartered Institute of Housing says social housing is over reliant on section 106
Today the government announced a range of measures intended to help first-time buyers and those struggling with their mortgage payments.
The plans include:
- loans for first-time buyers for up to one third of the price of their homes which are free for five years;
- raising the stamp duty threshold for £175,000 for a year;
- mortgage rescue schemes to allow people struggling with repayments to sell part or all of their home to a housing association and rent it back;
- and bringing forward £400m of future social housing grant to help councils and housing associations fund schemes now.
Richard Capie, policy director at the Chartered Institute of Housing, tells us whether the measures can help.