Andrew Love
Main Page: Andrew Love (Labour (Co-op) - Edmonton)(10 years, 11 months ago)
Commons ChamberRead Full debate Read Hansard Text
The Secretary of State for Communities and Local Government (Mr Eric Pickles)
The right hon. Member for Leeds Central (Hilary Benn) spoke with considerable sincerity and eloquence, as did Mr Speaker, the Leader of the Opposition and the Prime Minister, in paying tribute to Paul Goggins. Before we go on, I wish to say that I had experience of Paul as a Minister when I pursued a constituency case, and I found him to be courteous, diligent and helpful. I also had experience of him when I was the Minister, and he pursued his constituents’ interest doggedly but always with enormous charm. I think it is heartbreaking that a man who had so much to offer to this House and, far more importantly, to his family has gone so prematurely, and I will miss him.
I welcome this debate. We have been through a difficult housing crisis but this is only the second debate on housing that the official Opposition have called, and we had to goad them into calling one of those. Throughout the period, I have never felt under any pressure from the official Opposition on housing, and the right hon. Member for Leeds Central has eloquently demonstrated why that is. All Labour Members want to do today is talk down the economy, ignore the recovery and cast their heads in the sand about the sustained turnaround in the housing market. It has certainly taken some time to deal with the problems that Labour left us. The right hon. Gentleman referred to Stanley Baldwin’s housing figures, and when I walked through the door of Eland house the spirit of Stanley Baldwin and those figures met me. That was our baseline—that is what we actually started from. Once upon a time—
Mr Pickles
I will give way in a few moments. Would it be possible for me actually to say something before the hon. Gentleman intervenes?
Once upon a time, the last Labour Prime Minister, advised by the current Leader of the Opposition and shadow Chancellor, announced that he had abolished “boom and bust”. It was a debt-fuelled illusion of a boom, resulting in the biggest budget deficit in our peacetime history and a crash that devastated the housing market—all that was on Labour’s watch. Let us cast our minds back to 2008—
Mr Pickles
I have looked most carefully at the figures. It is not a surprise that the number of repossessions is dropping, and that is something about which we should be pleased. Mortgage approvals are at their highest level for six years. The Mortgage Advice Bureau notes that the number of mortgage products available to house buyers has surpassed the 10,000 mark, and cites Government action as the cause.
We are taking action to help those with small deposits. Since April, under the Help to Buy equity loan scheme, there have been more than 20,000 reservations for new build homes, supporting house building and first-time buyers. Over 90% of the 1,200 house builders registered under the scheme are small to medium-sized developers.
The Help to Buy mortgage guarantee scheme has had a further 6,000 applications in the first month, helping hard-working families. The average house price guaranteed under the scheme is just under £160,000.
Mr Pickles
I am coming to supply in a moment. The hon. Gentleman should be a little patient.
Labour might not have supported the scheme, but Santander has said that Help to Buy has been
“a major cause of increased confidence in the housing market.”
We are also helping the less well-off. More than 150,000 new affordable homes have been built in England in the past three years, assisted by our £20 billion affordable housing programme. Thanks to our reforms to the Housing Revenue Account, more council housing has been built in the three years of this Government than in all the 13 years of the previous Labour Government.