Boris Makes [Pounds]5bn Bid to Kick-Start Homes Market

Summary


BORIS JOHNSON today sought to kickstart the London housing market with a multi-billion cash injection to help middle-income families.

The Mayor wants to give a third more Londoners a foot on the property ladder by raising the income threshold for publicly funded ownership schemes.

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Extract


Boris Makes [Pounds]5bn Bid to Kick-Start Homes Market

Households earning up to [pounds]72,000 or a couple paying the basic rate of income tax will now be able to access help from which they were previously excluded.

Many middle-income families missed out on the housin...

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