Oral Answers to Questions

Debate between Lucy Frazer and Meg Hillier

Monday 9th January 2023 Commons Chamber

[Lucy Frazer]

We do not currently have plans to do so, but we will keep that under review. Since 2010, more than 819,000 households have been helped to purchase a home through Government-backed schemes. That includes how we cut stamp duty land tax, and extended the mortgage guarantee for a further year to maintain the availability of mortgages to buyers with only a 5% deposit.

[Dame Meg Hillier (Hackney South and Shoreditch) (Lab/Co-op)]

First-time home ownership is a pipe dream for most people in my constituency, where more people rent privately than own their homes and more people rent social housing than those combined, with more than 13,000 people on a pruned-back social housing waiting list. What will the Minister and her Department do to help councils build the right housing—affordable housing—in boroughs such as Hackney so that people can get their foot into any secure housing, whether rented or owned?

[Lucy Frazer]

The hon. Member raises a very important point about how we help people to buy homes and get on the housing ladder. We have an £11.5 billion fund to help build affordable homes. She also mentions social housing. Since 1980, through the right to buy scheme, 2 million social housing tenants now own their own home, and we continue to develop schemes to secure people’s home ownership.