L

Lord Young of Cookham (Con)

Speaking in the House of Lords on 24 April 2025

Debate

Housing: New Homes Target

Contribution

My Lords, I welcome the measures the Government have just mentioned to increase supply, but is not the real threat now to the Government’s ambitious target the lack of effective demand? Housebuilders will not build unless there is a buyer, and with the recent increase in stamp duty and the reduced growth forecasts, there is now uncertainty in the market. What is the role of the Government��s promised new mortgage guarantee scheme, due in a few weeks’ time, in rebuilding that confidence, and, crucially, will it help first-time buyers with a deposit for their first home?

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