A Ribble Valley councillor says the Government’s Help to Buy scheme will be a much-needed boost for first-time buyers in the area.
Ken Hind, vice-chairman of the Ribble Valley Borough Council’s housing committee, believes widespread take-up of the Help to Buy scheme could start to get the market moving and avoid a housing crisis post 2020.
The Conservative councillor said: “Lancashire - like all parts of the North West - needs to get the housing market moving, “ said Coun. Hind. “While house prices have risen in the South East and London by 10 per cent this year with increased demand, parts of the North West are suffering from falling prices and low demand.
“To those who say that the government’s programme will fuel a house price boom, I say that increased availability of new homes will help to control market prices.
“Regional differences show up in the housing market so people in the North West need the Help to Buy scheme far more than other regions in the country to get on the housing ladder and get the market moving.”
Coun Hind added: “The Help to Buy scheme will enable existing home owners to move up market and retired people to downsize.
“The role of local authorities will be to make sure the homes are available to meet the need .”