Brits who are on a low income will be able to use housing benefits to pay off their mortgage under the government's latest plan. Boris Johnson is extending the right to buy scheme which will provide more people with a way onto the property ladder.
The Prime Minister unveiled the plans during a speech in Blackpool today (June 9) which came after he survived the Tory MP's no confidence vote earlier this week.
Housing benefits, which cost the Government around £30 billion a year, cannot currently be declared as income or used towards a mortgage. So now, instead of taxpayers' money going to private landlords or housing association, the new rules will allow lower-paid workers to put their benefits towards a mortgage.
