The Shelter charity has welcomed the Government’s pledge to tackle problems in the housing market and protect people by building more affordable homes.
Proposals to increase the exemption level for stamp duty and help first-time buyers onto the housing ladder were applauded, alongside the Governments commitment to help those who fall into arrears or are on the brink of losing their home.
The Government has pledged to invest £100m to improve the safety net for those in mortgage arrears, which could help prevent up to 10,000 repossessions. The introduction of a new mortgage rescue scheme will also help up to 6,000 vulnerable homeowners.
These changes are welcomed, but with an estimated 45,000 homeowners set to lose their property this year, this campaign will not fully avert the huge scale of the current housing crisis. Shelter intends to continue their campaign for further measures to tackle these issues and will looking out to influence the pre-budget report.
With your help, Shelter will try and support the hundreds of thousands of people priced out of the property market and the 1.6 million households stuck on council housing waiting lists.