The plan is to establish large factories in the centre of the country. The goal is to mass produce modular homes with a material cost of £30,000 per home. This is very achievable and very generous considering what is on the market for modular homes abroad.
The design of the homes should be chosen via a competition, and need to be designed to expand with additional modules both upwards, and sideways. In their default state, the home will be a detached bungalow with a small plain grass garden surrounding it with a cheap fence.
Everyone deserves their own garden and their own freehold home. This plan will ensure nobody retires without owning their own home and will remove generational poverty.
The goal with these homes is for the government to give them out to those in need under a governmental mortgage scheme. Ideally to the poorest of society and veterans, and do away with/replace the need for social housing.
For a £30,000 home, the government would charge £50,000 to cover labour and land costs. This would spread out over a 25 year mortgage, on a 0% interest rate, however inflation will need to be accounted for. The new owner of the home will be given the freehold to this house. This is vital for mental wellbeing as well as generational stability.
The idea for why modular, is that a couple could purchase this home, and should they have a child in the future, or have one to begin with, then they could add another module for another room or floor by acquiring an additional mortgage or by purchasing them from the government at a low price.
In its default state, every month the owner will pay the government £166.66 a month (Unless they want to pay more). This is far lower than the typical cost of rent, but crucially, they would own their own home. This means, that if the owner is in receipt of universal credit, then they would only need to receive £166.66 for the housing element of that benefit. Meaning that in areas where the government pays £500 a month for claimant’s rent, the government would save £333.34 a month with immediate effect.
In the long run, this plan will pay for itself as the mortgages are fully paid off and it will make the government money should they chose it to do so. It will ease the housing crisis, bring the poorest in society out of poverty, and allow British citizens the ability to spend more of their hard earned money on British goods and services. Increasing their standard of living substantially.
This is an entirely scalable plan. With the assumption that it costs £50,000 per home, for a cost of £15 billion a year, you could make 300,000 homes each year. It would more than double the UK home building in the country. However each year, the government would have to pay less and less into the scheme as they would always be taking money back in through the mortgages and any housing part of any benefits. After 25 years, the scheme becomes entirely self sufficient and pays for itself with ongoing mortgage payments.
This scheme solves the housing crisis and pays for itself in the long run. Personally I see it as a win, win 
