Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Heatley mean spirited about first homeownership

14 August 2006 Media Statement

Heatley mean spirited about first homeownership

National MP Phil Heatley has completely missed the point in arguing the Welcome Home Loan scheme drives people into debt, Housing Minister Chris Carter said today.

"It may be news to Mr Heatley but a house is an asset, and homeownership has been the primary way most New Zealand families have increased their wealth," Mr Carter said.

"To argue that the government is driving people into debt by assisting first home buyers to get on the property ladder is to completely ignore all of the safeguards the Welcome Home Loan scheme contains to ensure people only borrow what they can afford.

"The scheme is specifically designed for those who can meet mortgage repayments but cannot get a mortgage under traditional lending criteria because they do not have a sufficiently large deposit," Mr Carter said.

"Thousands of young families have been stuck in an impossible cycle where they scrimp and save for years to pull together a deposit on a home, only to find that house prices have moved again, and they need an even larger deposit.

"Under the Welcome Home Loan scheme, households like these are given a hand-up into the market. They are screened by banks in the same way all other borrowers are to ensure they can afford to take on a loan. Their borrowings are restricted by their income under the scheme, just like everybody else," Mr Carter said.

"So far, none of 1850 families that have taken up Welcome Home loans have defaulted on their mortgages. These are honest, responsible Kiwi families who deserve a shot at homeownership, and the greater prosperity it can bring, just like everyone else.

"Mr Heatley's mean spirited attacks on them and on the Welcome Home Loan scheme only underscore how out of touch he is with the community, and the difficulties young people face."

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>

ALSO:

Corrections Corrected: Supreme Court Rules On Release Dates

Corrections has always followed the lawful rulings of the Court in its calculation of sentence release dates. On four previous occasions, the Court of Appeal had upheld Corrections’ practices in calculating pre-sentence detention. More>>

ALSO:

Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>

ALSO:

General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Gordon Campbell: On Our Posturing At The UN

In New York, Key basically took an old May 2 Washington Post article written by Barack Obama, recycled it back to the Americans, and still scored headlines here at home… We’ve had a double serving of this kind of comfort food. More>>

ALSO:

Treaty Settlements: Bills Delayed As NZ First Pulls Support

Ngāruahine, Te Atiawa and Taranaki are reeling today as they learnt that the third and final readings of each Iwi’s Historical Treaty Settlement Bills scheduled for this Friday, have been put in jeopardy by the actions of NZ First. More>>

ALSO:

Gordon Campbell: On The Damage De-Regulation Is Doing To Fisheries And Education, Plus Kate Tempest

Our faith in the benign workings of the market – and of the light-handed regulation that goes with it – has had a body count. Back in 1992, the free market friendly Health Safety and Employment Act gutted the labour inspectorate and turned forestry, mining and other workplace sites into death traps, long before the Pike River disaster. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news