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Homebuyers Will Need A £72,000 Deposit If Tories Win, Says Labour

wochit politics
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July 31, 2014 AT 5:50 AM
The shadow housing minister warns on Thursday, homebuyers could need an average deposit of £72,000 to buy a typical home if the Conservatives get five more years.Labour's Emma Reynolds will say in a speech in Nottingham that it will become even more difficult for people struggling to afford a home if David Cameron and George Osborne remain in charge of housing policy. Not enough new housing is being built, she will say, with Britain likely to have a shortfall of 1.3 million homes by 2020 under the current trajectory – the size of three cities as big as Birmingham.