Home Ownership: First-time Buyers Debate
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Lord Best
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Home Ownership: First-time Buyers
Lord Best Excerpts(1 month, 1 week ago)
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Baroness Taylor of Stevenage (Lab)
I am always happy to look at any innovative ideas, wherever they occur. If there are those in Europe, I am happy to have a further look at them. We are making sure that we work harder on land availability through our partners in this programme. Some young people are currently paying far more in rent than they would have to pay if they had a mortgage. So making sure that finance is accessible and that properties are accessible is very important to getting this moving.
Lord Best (CB)
My Lords, would the Minister agree that a rather surprising and paradoxical way of helping first-time buyers is through making it easier to build for last-time buyers: those who want to downsize or right-size? Then you get two for one: you are helping the elder person but also providing, through the chain of lettings and purchases that follow, something for first-time buyers as well.