Housing: York

(asked on 19th September 2023) - View Source

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 help more young people onto the housing ladder in Yorkshire.


Answered by
Rachel Maclean Portrait
Rachel Maclean
This question was answered on 17th October 2023

The Government has a range of home ownership schemes that are available to first time buyers, including First Homes and shared ownership.

The Mortgage Guarantee Scheme helps to increase the supply of 95% loan-to-value mortgages for credit-worthy households.

We have also 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.

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