Miller Homes boss calls on Chancellor to extend lending schemes

THE boss of a housing developer, which has its East Midlands division in Derby, has called on Chancellor George Osborne to extend lending schemes which have helped get the market moving.

Chris Endsor, chief executive of Miller Homes, which has its regional office in Centro Place, Pride Park, has praised the government-backed 95% mortgage scheme NewBuy, which he said has helped more people get onto or up the property ladder.

He also said the Government’s Funding for Lending scheme, which is offering up to £60 billion of cheap funds to banks and building societies, was also beginning to have an effect.

Speaking ahead of tomorrow’s Budget, Mr Endsor urged Mr Osborne to maintain the momentum that has been created in the housing industry.

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He said: “During the second half of last year, we saw interest in NewBuy grow and with the positive benefits of this initiative and the Funding for Lending scheme now only beginning to have an impact, it’s important that house building remains at the heart of tomorrow’s Budget.

“We would like to see an extension to both NewBuy, especially now that it can be offered in conjunction with part exchange to provide an additional incentive for potential buyers, and Funding for Lending.

“We would also welcome more support for first-time buyers, whose ability to buy is essential in order to keep the market moving, such as a return to the Stamp Duty holiday.”