Shaun Bailey’s claim that homeless people could afford £5,000 deposit on affordable homes prompts derision

The Conservative candidate for London mayor has sparked controversy after suggesting that homeless people in the capital would be able to save up for a £5,000 deposit to buy a share in a newly-built affordable home.

Shaun Bailey has promised to deliver 100,000 affordable homes with his £4bn housing budget if he wins the election in April, many of them shared ownership, of which buyers would be able to purchase a share for as little as £100,000.

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