Families who are “just managing” will have the chance to
buy their homes after 25 years of paying rent, under government plans being
considered. A new type of tenure, to be called “buy as you go”, is expected to
be announced as part of a major revamp of the housing market at the end of this
month. Buyers will not need to have paid a deposit or require a mortgage but
will build up equity in their homes over time. The policy is set to be unveiled
during the chancellor’s autumn statement, with details to be published in a
housing white paper shortly afterwards. Read more on the Observer website.
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