First Time Buyers: North East Somerset and Hanham

(asked on 18th June 2025) - View Source

Question to the Ministry of Housing, Communities and Local Government:

To ask the Secretary of State for Housing, Communities and Local Government, what steps her Department is taking to help support first time buyers in North East Somerset and Hanham constituency.


Answered by
Matthew Pennycook Portrait
Matthew Pennycook
Minister of State (Housing, Communities and Local Government)
This question was answered on 30th June 2025

The affordability challenges facing prospective first-time buyers mean that too many people are now locked out of homeownership. This government is determined to change that, ensuring that young families and hardworking renters can buy a home of their own.

Boosting the supply of homes of all tenures must be at the heart of any strategy to improve housing affordability which is why the government’s Plan for Change includes a hugely ambitious milestone of building 1.5 million safe and decent homes in England in this Parliament.

In addition to increasing the supply of homes of all tenures, in July, the government will launch a new, permanent Mortgage Guarantee Scheme which will help to support and sustain availability of low deposit mortgage products, helping prospective buyers with a deposit as small as 5% to own a home.

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