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3 million additional houses pledged 
Gordon Brown has pledged to build 3 million additional houses by 2020.Unveiling a blueprint for his first year in power, the prime minister has put housing at the top of the political agenda as he announced plans for three new bills to tackle the shortage of affordable homes.
In a Commons statement lasting less than 10 minutes, Mr Brown announced new laws to overhaul the planning system and to encourage local authorities to provide more affordable housing, Mr Brown demanded a 25 per cent increase in the number of new homes being built over the next 13 years, bring the total to 3m by 2020. He said that the government would be releasing 550 publicly-owned, brownfield sites for housing development. There will also be a new regime on "covered bonds" to help mortgage lenders finance 20 - to 25 - year fixed-rate mortgages. If you require any further information about the services that we provide or would like to review your financial planning position, please contact us |