Housing: New-build Homes

Baroness Armstrong of Hill Top Excerpts

Thursday 31st October 2013 Lords Chamber

[Baroness Stowell of Beeston]

I am very sure, as the arrangements in place are very rigorous. As my noble friend will be aware, the Bank of England will monitor the scheme and, importantly, the criteria used to judge whether somebody can afford their mortgage will be as robust as they need to be. This is an opportunity presented to people who do not have access to the bank of their parents or family and who, if they could have more help putting down a deposit, would be able to own their own homes. That is a good thing.

[Baroness Armstrong of Hill Top (Lab)]

My Lords—

[Noble Lords]

Next Question.