Low-paid workers can use their housing benefits buy homes under plans to be announced Boris Johnson today
In speech prime minister He is expected to say he wants to change rules So people Can use social payments for obtaining mortgage loans and making monthly payments.
He will claim that 30 billion pounds in housing allowance that goes towards rent will be better spent in help people become the first time buyers.
One minister described policy as “benefits for bricks” and said it would allow young people to pass availability checks required to obtain a mortgage loan.
Over three million people get a housing allowance with significant numbers also declaring support for their rent through the general credit.