Fewer affordable houses will be available to rent under plans
outline by David Cameron . The Prime Minister's fresh assault on council
housing will see new, affordable properties sold to first-time buyers rather
than let to tenants. It could force low-income families onto the streets if
they cannot get together a deposit to buy one of the new Starter Homes, and a
shortage of social housing sends rents rocketing. Homes must be offered for
sale at a discount of 20% below market rates, with a maximum price of £450,000
in London and £250,000 outside the capital. Purchasers must be first-time
buyers aged under 40 and may not sell or rent out the property within the
following five years.
Read more on the Daily Mirror website.
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