‘Benefits to bricks’ as Boris Johnson announces right-to-buy plans for low-paid workers | News

[ad_1]

Lower-paid workers will be able to use their housing benefits to buy homes under plans to be announced by Boris Johnson today.

In a speech the prime minister is expected to say that he wants to change the rules so people can use welfare payments to get mortgages and make monthly payments.

He will argue that the £30 billion in housing benefit that goes towards rent would be better spent in helping people to become first-time buyers.

One minister described the policy as “benefits to bricks” and said it would enable young people to pass affordability checks needed to get a mortgage.

More than three million people claim housing benefit, with significant numbers also claiming support for their rent through universal credit.

Johnson will

[ad_2]