Buyers of new homes will be able to borrow up to 95% of their value as part of plans David Cameron says will help get "Britain building again".

The mortgage indemnity scheme, in which the government will underwrite part of the risk to lenders, could help up to 100,000 people in England.

It is part of a wider strategy to build more homes and boost home ownership.

Labour said it was "too little, too late" and did not compensate for earlier cuts to housing budgets.

Building more homes is one of the government's economic priorities, with the number of new ones being built at its lowest level since World War II, and with rents and prices remaining high while mortgage lending is restricted.

Just 121,200 new homes were made available in 2010-11, half of what ministers say are needed...
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Do you agree that these plans will be effective in:

• tackling the housing shortage?
• boosting the economy?
• creating jobs?
  &
• give people the opportunity to get on the housing ladder?

Or do you think:

• too little too late?
• that the housing market will become saturated?;
  - great for first time buyers, as it would bring house prices down due to the amount of prior residential homes for sale at the moment... -
  - but not so great news for everyone else, as in order for them to sell their properties they would need to be very reasonably priced; to stand out from the crowd...
• the increase in rents and reductions in benefits will mean that the new homes that are built won't actually be affordable at all?

As a landlord / letting agent / home-owner /tenant we would love to hear from you and what you think about these latest plans from the government.

Here at LandlordReferencing.co.uk we can confidently say that with demand for more housing = our services will be even more valuable to good landlords, letting agents & tenants in the very near future.