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

To ask Her Majesty's Government what are the essential differences between the existing legislation for Starter Homes and the new First Homes Initiative announced in the Queen’s Speech; and whether they have a timetable for the proposed consultation on the initiative.

The Government is committed to increasing the number of homes available for local people to buy at a discount. These new ‘First Homes’ will be made available at a discount of at least 30% and will be funded through developer contributions, reducing the cost to both local and national government. Unlike Starter Homes, First Homes will offer a larger discount to buyers that is retained in perpetuity, so that future generations can also benefit from the discount. Local Authorities will be able to prioritise these homes for local residents and key workers, such as nurses, teachers or police officers.