Question to the Department for Levelling Up, Housing & Communities:

To ask the Secretary of State for Levelling Up, Housing and Communities, what steps his Department is taking to increase the rate of homeownership among people aged 18 to 40.

The Government has a range of home ownership schemes that are available to 18-40 year olds, including First Homes and Shared Ownership. We have doubled the threshold at which SDLT becomes due to £250,000 and expanded First Time Buyers Relief, raising the threshold at which stamp duty becomes payable from £300,000 to £425,000. The Government's Mortgage Guarantee Scheme also helps first-time buyers by increasing the supply of 95% loan-to-value mortgages for credit-worthy households.