Home ownership in West Berkshire and Wokingham

I have written to both Councils to remind them of the new government’a policy of encouraging more affordable homes for purchase. First time buyers under the age of 40 can under this scheme buy new homes with a discount of 20%, where builders and Councils co-operate to bring this about. The government plan is to oversee 200,000 discounted starter homes. I would like to see local Councils as early adopters. There are many younger people in our area who would like to live here in a home of their own, who currently find it too expensive. They either move away to a cheaper area or have to delay their move to home ownership. I want to help more afford their own home and the freedom and pleasure of a place of their own at a younger age.

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  1. Colin
    Posted June 27, 2015 at 12:50 pm | Permalink

    OK, but why the age discrimination?

  2. Bernard
    Posted June 27, 2015 at 1:51 pm | Permalink

    By reinflating the housing bubble. House prices a multiple of salary are absurd, and this is a huge poor to rich subsidy in terms of overstretched lending and state liability. Would you ever want to live in one of these postage stamp sized “affordable” homes? I suppose you’re alright, Jack.

  • About John Redwood

    John Redwood won a free place at Kent College, Canterbury, and graduated from Magdalen College Oxford. He is a Distinguished fellow of All Souls, Oxford. A businessman by background, he has set up an investment management business, was both executive and non executive chairman of a quoted industrial PLC, and chaired a manufacturing company with factories in Birmingham, Chicago, India and China. He is the MP for Wokingham, first elected in 1987.

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