The Labour party is set to announce plans to create an extra one million homeowners in the UK, within five years of a third term of office.
Today, Gordon Brown is expected to announce plans to build 15,000 homes for first-time buyers on 100 former NHS sites - mainly in the South East - through development agency English Partnerships.
"We are proposing a further major extension of Britain's home-owning, asset-owning, property-owning democracy," Mr Brown will say. "Our long term aim is to enable more people to share in increasing asset wealth.
"Homes are not just places to live. With more and more people owning their homes, houses are becoming ever more important as assets."
In addition to these plans, deputy prime minister John Prescott will outline plans to extend shared equity schemes to make it easier for those on lower incomes to get on the housing ladder.
Meanwhile, the Liberal Democrats meanwhile have announced plans to build 100,000 new "affordable" homes on publicly owned land, and the Conservatives have pledged to allow a million more tenants in housing association the right to buy their homes.
Labour commits to creating one million more homeowners
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Labour commits to creating one million more homeowners
Fri, 01 Apr 2005
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