Oral Answers to Questions

Tanmanjeet Singh Dhesi Excerpts

Monday 7th March 2022 Commons Chamber

The Secretary of State was asked—

[Mr Tanmanjeet Singh Dhesi (Slough) (Lab)]

1. What steps he is taking to help support first-time buyers on to the housing ladder.

[The Minister for Housing (Stuart Andrew)]

Since 2010, more than 758,000 households have been helped to purchase a home through Government-backed schemes, including Help to Buy and Right to Buy. In the levelling-up White Paper, we included this mission:

“By 2030, renters will have a secure path to ownership with the number of first-time buyers increasing in all areas”.

[Mr Dhesi]

Conservative choices have created a housing crisis by allowing developers to maximise profit, building housing for investment rather than good-quality, safe, secure, affordable homes. However, building more homes will not in itself solve the housing crisis if those homes are bought off plan by foreign investors before local people such as my constituents can even get a look in. In order to ensure that first-time buyers are not squeezed out by foreign investors and second home owners, will the Government support Labour’s proposal to allow them first dibs on new homes?

[Stuart Andrew]

Let me first make it clear that it is my keen ambition in this role to do everything I can to help more people on to the housing ladder. We have produced a great many schemes that help to achieve that purpose. We already have the First Homes scheme, which provides a 30% discount for local people, for whom those homes remain in perpetuity.