12:30PM, Thursday 03 July 2014
Research from a housing charity has found more than 99 per cent of houses for sale in the Royal Borough are too expensive for average families.
Shelter looked at asking prices for properties on sale in the borough and compared them with affordable mortgages.
It found that a couple with children have an average income of £38,847 a year in the Royal Borough, meaning couples with a deposit can afford to pay £161,072 for a house.
This rose to 10 homes for a single person and 25 for a couple without children.
Housing Solutions say there is a ‘long waiting list’ for affordable rented properties in Maidenhead, while in the last year more and more buyers are considering shared ownership.
Diane Kane, Housing Solution’s marketing manager said 16 families have bought houses in the Royal Borough under the Do it Yourself shared ownership scheme, with 29 more homes up for sale shortly
Cllr David Coppinger (Con Bray) said the Conservative council has a long commitment to supporting shared ownership, and it is ‘important’ to get people on the ladder in the Royal Borough, although greenbelt land poses a challenge for developers.
He added: "Striking the right balance to protect our green belt and ensure that housing growth meets the need but is appropriate and enhances our area is essential."
Charles Smith, Labour’s prospective parliamentary candidate for Maidenhead said hard working families are unable to buy and are stuck renting.
He said: "Building more homes is absolutely key to tackling the cost of living crisis, and to ensuring a recovery that is built to last, and which benefits everyone."
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