South Lakeland MP Tim Farron warns of 'housing crisis'

Credit: PA

South Lakeland MP Tim Farron has warned of a "housing crisis", as new research shows that home ownership in the North West has fallen dramatically.

Research by the Resolution Foundation shows that in places like Cumbria and Lancashire, levels of home ownership have dropped to 71.4%.

This figure is a significant reduction from the peak of 78.7% back in 1999.

The Resolution Foundation also reveals that the share of income that households in the North West spend on housing has increased by around a third since 2003.

Although the government has tried to tackle this problem, the latest government statistics reveal that its flagship "Help to Buy" ISA scheme has not helped a single South Lakes resident.

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