First Time Buyers: Government Assistance

(asked on 20th July 2020) - View Source

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

What plans he has to help first-time buyers to purchase their own homes.


Answered by
Robert Jenrick Portrait
Robert Jenrick
This question was answered on 20th July 2020

This Government will reset our national homeownership offer – ensuring local people and key workers have the opportunity to build a life in their own community.

First Homes, our new homeownership programme, will discount homes by at least 30 per cent for key workers, local people, and first-time buyers – including those who have done so much to respond to the Covid-19 outbreak. We recently closed our consultation on First Homes and will publish our response soon.

At the same time our new £12 billion investment in affordable homes will create thousands of new homes for Shared Ownership.

And all of this adds to other Government-backed schemes, including Help to Buy, which have supported over 627,000 households into homeownership since 2010.

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