Home Ownership

Lord Clark of Windermere Excerpts

Thursday 15th September 2016 Lords Chamber

[Lord Bourne of Aberystwyth]

My Lords, as I indicated, we are looking at various tenures. I am pleased that my noble friend found through her acquaintance that we are getting on with this policy. We are committed to 200,000 starter homes in this Parliament. As I indicated, that is with a range of tenures. Some leaseholds, such as 999-year leases, should be long enough for most people in this House.

[Lord Clark of Windermere (Lab)]

The Minister mentioned various government initiatives to encourage home purchase. Is the Government’s position clear about the Help to Buy ISA? Can the portion of the finance from the Government’s contribution to top up that ISA at the point of purchase be used towards the deposit for the house?