<p><span>The Conservative party has pledged to deliver 1 million more homes in the next five years and review new ways to support home ownership following the end of Help to Buy, as it reveals its housing plans as part of its election manifesto.</span></p> <p><span>The Tories have announced they will deliver “at least” another 1 million homes over a five year term, building on the 1 million that the party says have been built over the past five years, and progressing closer to its target of 300,000 new homes per year by the mid-2020s.</span></p> <p><span>In plans focused on home ownership, the Conservative party said it would help renters to buy, offering long term fixed rate mortgages requiring only 5% deposits.</span></p> <p><span>It also intends to help renters through Lifetime Rental Deposits, where deposits can be transferred from one rental property to another, “making the process of moving home easier and cheaper”.</span></p> <p><span>The party also plans to launch a new First Home scheme, with homes to be sold at a 30% discount for local first time buyers.</span></p> <p><span>It said it would look at new methods of stimulating home ownership following the closure of the Help to Buy equity loan initiative in 2023. As …