Labour
- Up to 10,000 new council houses a year by 2014-15, and more affordable housing.
Councils will retain their rental receipts locally, enabling them to support housebuilding and maintain properties.
Two-year stamp duty holiday for first-time buyers on transactions up to £250,000; permanent new stamp duty top rate of 5 per cent on transactions over £1 million from April 2011. - Agreements with banks to lend £105 billion to homebuyers and businesses over the next year.
- The standard interest rate on the Support for Mortgage Interest scheme will be maintained until December.
- A crackdown on tenancy cheats who fraudulently sub-let social housing.
- Guaranteed housing standards for social tenants; measures to strengthen consumer protections for private tenants.
- New homes to be zero carbon by 2016.
Conservatives
- Permanently increase the stamp duty threshold for first-time buyers to £250,000.
- Abolish Hips.
- Reward councils for building more homes by allowing them to keep more of the proceeds from council tax and business rates from new development.
- Create local housing trusts to allow communities to build affordable homes.
- Abolish the unelected tier of regional planning, allowing local communities to determine the right level of development.
- Give councils stronger powers to prevent infill development in suburbs, and build more family homes.
- Give council tenants an equity stake in their home to restore pride in their area and encourage social mobility.
Liberal Democrats
Bring 250,000 empty homes back into use by giving owners cheap loans to renovate them.
Extract taken fro the Times online
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