Plan for affordable homes backed in West Oxfordshire

Liberal Democrats in West Oxfordshire have welcomed plans to boost affordable housing and avoid home repossession. The plans, launched by the Liberal Democrat Shadow Chancellor Vince Cable MP and Shadow Housing Minister Sarah Teather MP, include:

* providing refurbishment loans for owners of empty homes if the homes are leased to housing associations,
* boosting the amount of private housing for rent including using empty commercial property temporarily as housing,
* bringing in a new type of secure mortgage to help boost lending to house buyers,
* letting councils and housing associations buy up unsold private houses and allowing them access to funds to bring them homes up to social housing standards,
* making sure the courts allow repossession only as a last resort.

Many people in our area are struggling to get their own home or are facing repossession because of the recession. We must do all we can to help residents through these bad times. Many homes built recently lie empty, often because the banks are not lending to people who want to buy them, yet many people need a place to live. We want to unblock the system and our plans will help to do that.

Giving housing associations and councils the opportunity to buy up empty homes that builders cannot sell will mean hundreds of local families will be able to rent a place of their own. Many privately owned homes stand empty so leasing them to housing associations means people can move into homes that would otherwise remain unused.

And making sure that the courts only allow homes to be repossessed as an absolute last resort will save many families in West Oxfordshire from the terrible situation of having their home taken away from them.