Home Ownership: First-time Buyers

Lord Campbell-Savours Excerpts

Monday 22nd June 2026 Lords Chamber

[The Lord Speaker (Lord Forsyth of Drumlean)]

My Lords, the noble Lord, Lord Campbell-Savours, is taking part remotely. I invite the noble Lord to speak.

[Lord Campbell-Savours (Lab) [V]]

My Lords, I return to my previous contributions on building housing on land acquired at agricultural prices, which is of particular benefit to young buyers. Can we look at developments in Hammarby in Sweden and Nijmegen in Holland, where there have been major housing developments in both locations on land acquired at reduced cost? All I ask is that we look at these precedents and consider whether, with a review of land title on housing sold on such land, we could similarly build in the United Kingdom and help young buyers.

[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.