London: Housing Costs Debate

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London: Housing Costs

Lord Hylton Excerpts
Tuesday 1st March 2016

(8 years, 2 months ago)

Lords Chamber
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Baroness Williams of Trafford Portrait Baroness Williams of Trafford
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My Lords, the day that I answered the Question on estates regeneration was the day that the panel met for the first time. I was not aware of the actual structure of the fund, but perhaps that is understandable given that the panel had yet to meet when I answered the Question.

Lord Hylton Portrait Lord Hylton (CB)
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My Lords, will the Government consider restricting the 20% discount for first-time buyers to present occupants of social housing? That would immediately release a dwelling for rent.

Baroness Williams of Trafford Portrait Baroness Williams of Trafford
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My Lords, the 20% discount for the starter home is to address a specific need in a specific demographic: first-time buyers under the age of 40, whose ability to purchase a home has declined dramatically over the past few decades. This priority is an attempt to address that.