Affordable Housing: First Time Buyers

(asked on 4th March 2025) - View Source

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

To ask His Majesty's Government what plans they have to improve the affordability of homes on new housing developments for first-time buyers.


Answered by
Baroness Taylor of Stevenage Portrait
Baroness Taylor of Stevenage
Baroness in Waiting (HM Household) (Whip)
This question was answered on 19th March 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.

The most sustainable long-term method to improve housing affordability and help people into homeownership is to increase the supply of housing. That is why the government committed to deliver 1.5m homes over the Parliament in the Plan for Change.

In addition to increasing the supply of homes of all tenures, we are committed to introducing a permanent, comprehensive mortgage guarantee scheme meaning first-time buyers will be able to take their crucial first step on to the property ladder.

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