Javid To Make Changes To Help To Buy Loans

Sajid Javid, the secretary of state for CLG has told housebuilders that he will make changes to Help to Buy loans to help boost the housing market. Following the recent housing white paper setting out the government’s plan to reform the market, Mr Javid discussed various issues related to housing and how the government intended to address them. With regards to some housebuilders using leaseholds in an unfair manner, Mr Javid commented: “As a government committed to building a fairer society, I don’t see how we can look the other way while these practically feudal practices persist. So, I will look to ensure Help to Buy equity loans are only used to support new-build houses on acceptable terms.” Read more on Development Finance Today.