Jeremy Wright has welcomed new figures showing that Help to Buy, the Conservative scheme to help people access an affordable mortgage with a small deposit, has helped 49 families to buy their own home in the Kenilworth and Southam constituency – and has said that only the Conservatives will keep helping local people onto the housing ladder.
Across the UK Help to Buy has now meant over 90,000 families have been able to buy their own home, with over 80 per cent of sales going to first-time buyers. This is creating a new generation of homeowners.
Conservatives now want to go further over the next five years by:
- extending Help to Buy
- building 200,000 discounted Starter Homes for first-time buyers
- creating Help to Buy ISAs to help people save for a deposit
- keeping interest rates low so mortgages are affordable
- extend the Right to Buy to Housing Association tenants.
But all this will only be possible if we have a majority Conservative government. A vote for any other party in the Kenilworth and Southam constituency would make it more likely that Ed Miliband, propped up by the SNP, would become Prime Minister and put all this at risk. Labour and the SNP have attacked Help to Buy and Right to Buy. Ed Miliband wants to kill-off the Help to Buy ISA before it has even begun and would wreck the economy, undermining house building and making it harder to buy a home.
Jeremy Wright commented: ‘There is a clear choice at this election – a vote for the Conservatives, which will allow David Cameron and his strong team to keep on with a plan that is working and delivering home ownership for more people in the Kenilworth and Southam constituency. Or a vote for any other party, which just makes it more likely that we get a weak Ed Miliband government, dependent for every vote on Nicola Sturgeon and the SNP.
‘Conservative policies have meant 49 families have been able to buy their own home in the Kenilworth and Southam constituency since 2010 through Help to Buy. We now want to go further and extend Help to Buy, help people save for a deposit, build thousands of new homes for first-time buyers and extend the Right to Buy to tenants of Housing Associations.
‘Labour, backed up by the SNP, would put all this at risk. They would wreck our economy, making it harder for people to get on the housing ladder. The only way to make sure more people can own a home of their own is to vote Conservative.’