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Boris Johnson has pledged to turn “generation rent into generation buy” with long-term, fixed-rate mortgages of up to 95% of the value of a home for first-time buyers.
The Prime Minister, in a speech to the Conservative Party’s online conference, said he wanted to “fix our broken housing market” and help young people onto the housing ladder.
He 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”.
But Mr Johnson said: “These reforms will take time and they are not enough on their own.
