|    FM Home   |    FM News   |    FM Forum   |    FM Blog   |   
Thursday 19th of August 2010
|    Banking  |   Insurance  |   Property  |   Mortgages  |   Economy  |   Investments  |   Credit Cards  |   Debt  |   Loans  |   Pensions  |   Companies  |  
June 9, 2010    

“Age of aspiration” returns for would-be homeowners

Bookmark and Share

by Gill Montia
”"Age

In a speech delivered to the Royal Institution of Chartered Surveyors yesterday, Housing Minister Grant Shapps demonstrated his support for first-time buyers by announcing that “the age of aspiration is back”.

Putting aside arguments that a fall in homeownership in the UK could be beneficial, Mr Shapps stated: “Most people still want to own their own homes and I want people to know that this government will support them in that.”

The minister also linked responsible mortgage lending with responsible borrowing, saying they are “two sides of the same coin”.

According to Mr Shapps: “Borrowers will need to demonstrate financial responsibility and lenders will need to support creditworthy homeowners.”

The strategy also involves the creation of local housing trusts through which communities will be able to create “local housing for local people”.

Discuss this in the Finance Markets forums

Story link: “Age of aspiration” returns for would-be homeowners




Related financial stories to: “Age of aspiration” returns for would-be homeowners:
Previous: «
Next: »

Visited 591 times, 1 so far today

No Comments »

No comments yet.

RSS feed for comments on this post.

Leave a comment

Tags: , Grant Shapps, housing minister, local housing trusts, strategy

 


Property News feed Property News

All Financial News feed All Financial News