This Government is doing everything possible to provide support in the short-term for borrowers facing difficulties, and promoting the long-term stability of the housing market.

There has also been increased investment in affordable housing.

This is working locally:
Labour controlled Haringey has invested £85 million within Hornsey & Wood Green in the “Decent Homes” programme - a scheme to upgrade the standard of council housing.

See how Labour compares:

Labour’s policies Tory Government
  • One million council and housing association homes upgraded since 1997 to meet the decent homes standard.
  • Up to £2,700 warm front grants to help low income households to heat and insulate their homes.

… left a £19 billion repair backlog in social housing in 1997 as a result of sustained cuts in housing investment.

…Opposed Labour’s £100 million increase in “Warm Fronts” grant funding. Their plans would cut up to £80 million from the scheme.

- Investing £8 billion to build 70,000 new affordable homes a year; 336937 affordable homes have been built since 1997. Including 45,000 social rented homes by 2010/11.
- Labour has help thousands of key workers to buy their own home. Now first time buyers can also join shared equity or ownership schemes.

Committed to £800 million cuts to the housing budget – equivalent to help for 20,000 first-time buyers or 10,000 homes for social rent

- A legal agreement to ensure that lenders will only use repossession as a last resort. All other alternatives to be explored such as reducing monthly payments
- Help with mortgage payments from 13 weeks after a redundancy, plus a £200 million Mortgage Rescue Scheme to help vulnerable house holds avoid repossession.

... Have not come clean on what they would cut, but are committed to “savage cuts” in public spending and all spending would be under threat.