Asked by: Kevin Hollinrake (Conservative - Thirsk and Malton)
Question to the Department for Levelling Up, Housing & Communities:
What steps he is taking to promote homeownership.
Answered by Robert Jenrick
This Government cares deeply about helping even more people to achieve the dream of owning their own home, and turning Generation Rent into Generation Buy.
And today we see many of the country’s largest lenders launch the new 95% mortgages – backed by the Government’s new mortgage guarantee announced by the Chancellor at last month’s Budget.
This comes on top of our Shared Ownership reforms, our new Help to Buy scheme, and our First Homes scheme – all of which will help more people get onto the housing ladder and have a home they can call their own.