Housing: Construction

(asked on 30th November 2017) - View Source

Question to the Ministry of Housing, Communities and Local Government:

To ask the Secretary of State for Communities and Local Government, how many starter homes he expects to be built over the course of this Parliament.


Answered by
Lord Sharma Portrait
Lord Sharma
This question was answered on 7th December 2017

We are supporting people's aspirations to buy through a range of initiatives including Help to Buy, Right to Buy, greater funding for Shared Ownership and Rent to Buy, and our plans for starter homes. Since Spring 2010 Government-backed schemes have helped over 430,000 households to buy a home and the number of first-time buyers is at a nine-year annual high. At last month's Budget, the Government announced that first-time buyers will pay zero stamp duty on the first £300,000 of any home that costs up to £500,000.

The definition of starter homes is being finalised as part of the revised draft National Planning Policy Framework, which we will be consulting on in early 2018.

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