Government’s £400m housing market boost

David Cameron and Nick Clegg will pledge to break the "current cycle in which lenders won't lend, builders can't build and buyers can't buy" when they unveil the government's new strategy.

That will mean people who "play by the rules" can "expect to own a decent home of their own", they insist. The £400m 'Get Britain Building' fund will target housebuilding schemes that have stalled through a lack of development finance.

It is set to "unlock" the construction of up to 16,000 homes and around 3,200 of those would be affordable properties, Downing Street said. The cash injection would also support up to 32,000 jobs, according to officials.

Source: Channel 4 News