Minister for housing Esther McVey made clear her intention to prioritise home ownership in her first public address to the residential sector.

Esther McVey RESI

Minister for housing Esther McVey made clear her intention to prioritise home ownership in her first public address to the residential sector.

Speaking at RESI 2019, McVey implored that ownership is the general public’s priority when it comes to housing, and outlined an intention to work with the sector to make this a reality for more people.

“Government is backing the industry with investment and interventions, and that is to make home ownership a reality, because it is a dream the majority of the general public still has,” she told delegates.

“Why,” she continued “it’s about having a stake in society, it’s about security, it’s about aspiration. It is actually about freedom, financial security and it’s about safety for your family.”

McVey said the government would look at ways to expand the shared ownership programme to allow more people to take part in it.

“This is not about helping someone make a profit – it is taking shared ownership and making it more accessible for working families.

“We’re going to want to expand shared ownership and support it in different ways and take out what has been the difficulties of that.”

Buy-to-Rent also got a mention in the keynote when McVey would give people “breathing space” knowing that even if it took ten years, they’d be working towards owning a property then live in.

When prompted by conference host Mark Easton to address the industry’s ongoing investment in rental models of living, McVey said she stood for “all homes of all kinds helping all people”, then added: “remember people want to own their own home.”