The Liberal Democrat manifesto proposals announced by Nick Clegg include:
- Bringing forward at least 10 new garden cities in England providing tens of thousands of high quality new homes.
- Direct government commissioning of private house building to ensure houses are built at sufficient speed and have proper infrastructure and services.
- A new Housing Investment Bank to provide long term capital for major new developments.
- New Rent to Own homes where your monthly payments steadily buy you a stake in your house.
- New Help to Rent scheme to help millions of young people put down a deposit to rent their first property.
Commenting on the proposals the Leader of the Liberal Democrats Nick Clegg said: "Liberal Democrats believe everyone should have the opportunity to have a decent home at a cost they can afford. That's why we have increased house building in government but we want to go much further. And we will help young people who want a home of their own with radical plans to help them buy or rent."
Commenting on the Conservative flagship right to buy policy, a Lib Dem spokesperson said it is "full of flaws - it will lead to longer waiting lists for homes and fewer social houses, doing nothing to tackle the country’s affordable housing needs and will only benefit the lucky few."
"Independent estimates suggest this could cost at least £5.8 billion, nowhere near covered by forcing Councils to sell of yet more housing stock, as the Conservatives suggest. That means it will have to be paid for by even more cuts hitting the most vulnerable in society." The Lib Dem spokeperson added