During a rousing speech to the Conservative Party’s online conference, Prime Minister Boris Johnson promised to ”fix our broken housing market” and help young people onto the housing ladder. Mr Johnson said his Tory government would reduce deposit sizes to 5 percent for home buyers as part of a drive to increase the rates of home ownership, especially among the under-40s.
Express.co.uk is asking you is Boris Johnson right to make buying a home easier with this pledge?
The Prime Minister also vowed to “transform the sclerotic planning system” and make it “faster and easier to build beautiful new homes without destroying the green belt or desecrating our countryside”.
Mr Johnson said: “These reforms will take time and they are not enough on their own.
“We need now to take forward one of the key proposals of our manifesto of 2019: giving young, first-time buyers the chance to take out a long-term, fixed-rate mortgage of up to 95 percent of the value of the home – vastly reducing the size of the deposit.
“And giving the chance of home ownership, and all the joy and the pride that goes with it, to millions who currently feel excluded.
“We believe that this policy could create two million more owner-occupiers, the biggest expansion of home ownership since the 1980s.
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The Prime Minister promised a revolution in green power generation, reforms to the social care system and improvements in education as he addressed the online Conservative Party conference.
But in the face of Tory unease about the state interventions imposed by the Government to stem the threat of coronavirus, Mr Johnson insisted they were the only steps he could take.
Mr Johnson said: “This Government has been forced by