A Liberal Democrat government will tackle the housing crisis by ensuring that 300,000 new homes are built per year, including 100,000 social homes for rent.
This will be backed by part of the £130 billion annual capital infrastructure investment programme, and the party will also establish a ‘Rent to Own’ model for social housing and provide government-backed tenancy deposit loans for all first-time renters under 30.
Building secure homes, which are fit for the future, is at the heart of the Liberal Democrats' plan for a brighter future.
Tom Brake, Liberal Democrat Candidate for Carshalton & Wallington, said:
"Rising house prices and a shortage of available housing mean that people across the country are struggling to afford good homes in the right location. The first rung of the property ladder shouldn’t be unreachable.
“The Conservatives have completely failed to make a dent in the issue, building none of the 200,000 starter homes they promised to have in place by 2020. There’s been no budget for them, and the government has failed to activate the necessary legislation.
“This can’t continue. To meet demand and ensure that having a home is a reality rather than a pipe-dream, we need to build 300,000 homes a year. Stopping Brexit is a key part of reaching that goal – unlocking investment and securing supply chains – and no housebuilding claim can be credible if it stands alongside the massive economic disruption Brexit would cause.
"Liberal Democrats will build 100,000 social homes for rent every year, to ensure that everybody has a safe and secure home. We will tackle rogue landlords with mandatory licensing, and promote long-term lettings.
"We will also tackle wasted vacant houses and flats by allowing local authorities to increase council tax by up to 500 per cent where homes are left empty for more than six months.
“We’ve got some great examples of sustainable development locally, such as BedZED, and all new houses will be constructed to zero-carbon standards, reducing energy costs, and helping to save the environment. Ultimately, investing in sustainable, affordable housing across the country is a key part of building a brighter future for all.