Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what fiscal steps he is taking to help people who are ready to move up the housing ladder from their first property.

This question was answered on 9th September 2019

At Autumn Statement 2014 the government reformed SDLT on residential properties, cutting the tax for 98% of buyers who pay it, unless they are purchasing additional property. These changes benefit those who are moving up the housing ladder.

The Government has already committed significant financial support for housing, with at least £44bn over a five-year period announced at Autumn Budget 2017, supporting its ambition to increase supply to 300,000 homes per annum on average by the mid-2020s to improve affordability, and to increase home ownership.