The Shadow Secretary of State for Communities and Local Government, Hilary Benn joined Labour’s Parliamentary candidate for the Calder Valley, Josh Fenton-Glynn in Brighouse to highlight Labours first time buyer pledge in the party’s manifesto.
Under the plans announced by Ed Miliband, Labour will put first time buyers first by reducing stamp duty to zero for first time buyers of homes worth up to £300,000.
The plans will also give first time buyers that have lived in an area for more than three years “first call” on up to half of new homes built in their area and stop foreign buyers buying up properties before local buyers get a look in by ensuring they are advertised in local areas, increasing taxes paid by foreign buyers and council tax for empty homes.
Mr Benn said: “It’s just too expensive for families to buy a home today: saving up for the deposit, paying the fees and having enough left over for the stamp duty.
“A Labour government will abolish stamp duty for all first time buyers of homes under £300,000 and we’ll give first time buyers that have lived in an area for more than three years ‘first call’ on up to half of homes built in their area.”
These latest measures, form part of Labour’s plan to tackle Britain’s housing crisis, which include embarking on the biggest house-building programme for a generation, increasing the number of affordable homes, and introducing secure three-year tenancies with rents capped.
Mr Fenton-Glynn added: “The Tories have presided over the lowest level of housebuilding for almost one hundred years and the lowest rate of home ownership for a generation.
“Instead of building new homes they have introduced a bedroom tax. Labour would build more homes and force property developers to develop derelict sites.”