David Cameron and Nick Clegg visit Guildford

The Prime Minister made a visit to Guildford yesterday in order to launch the government's long-awaited scheme to "unstick" the housing market.

David Cameron yesterday unveiled plans to "get Britain building" alongside his Deputy Prime Minister, Nick Clegg, at a construction site in Boxgrove Road, which is just outside of the town centre.

"It's not just about the economy, it's also about people's hopes and dreams," said Cameron. 

"You always remember that moment, if you've done it, when you get that key and you walk into your first flat, it's a magic moment. It's a moment I want everyone in this country to have, not just better-off people.

"The dream of home ownership is something that should be achievable for everyone."

This includes a fund worth £400 million that will target housebuilding schemes that have stalled through a lack of finances. They hope it'll "unlock" the construction of 16,000 homes and create up to 32,000 jobs in the process.

He also said that first-time buyers will be able to borrow to up to 95% of their value. The mortgage indemnity scheme could help around 100,000 people as the government prepares to underwrite part of the risks involved with buying a property.

Do the government's plans give you confidence for the housing market, especially in Guildford? Let us know with your thoughts.