More affordable homes needed says MP as south Lakeland bucks house price trend

South Lakes MP Tim Farron says that new figures shows the need more affordable homes to allow young people to get onto the property ladder.

According to the Halifax bank, there are only two areas in the UK to increase house prices which were Rochford in Essex and South Lakeland. Sixteen of the top 20 best performing areas were in southern England.

The report said exceptions included holiday and retirement areas such as South Lakeland, the Derbyshire Dales and Ceredigion.

The average house price in South Lakeland is £212,457. But within the Lake District National Park it is much higher - £255,835 - according to the land registry in 2011. That means that average house prices are eleven times higher than average incomes. Responsible mortgage lenders are not supposed to lend more than three and a half times a person’s income. This makes home ownership well out of the reach of most local people, especially young families.

The MP recently launched the Home Truths report in Kendal with the National Housing Federation which concludes that nearly 5,000 families in Furness and South Lakeland are on the social housing waiting list. At the current rate it would take 66,458 years to clear the backlog of people on waiting lists within the county.

He said: "There is a chronic need for housing in our area. But we need the right kind of housing - social housing, truly affordable housing and homes for local families. I will continue to do all I can to push the council and others to do more for local families and I will continue to champion the need for truly affordable homes in areas that the local community supports. The evidence that house prices in our area continue to rise is in one sense a welcome sign of the strength of our local economy, but it brings no comfort to thousands of families desperate for a home. We can and must do more to help thousands of young people and families get a home in the South Lakes.."