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The Parliamentary Under-Secretary of State, Ministry of Housing, Communities and Local Government (Baroness Taylor of Stevenage) (Lab)

Speaking in the House of Lords on 23 April 2026

Debate

Home Ownership: First-Time Buyers

Contribution

My Lords, we are increasing housing supply across all tenures to improve affordability for young people. Our ultimate objective is to help more people get the keys to their first home, increasing the overall home ownership rate. We support first-time buyers through government-backed schemes, including shared ownership, and the Treasury will shortly consult on a replacement for the lifetime ISA. Following FCA clarification, most buyers can borrow around 10% more, and this year we will publish a home-buying and selling reform road map, which is expected to save buyers £180 million a year and shave a month off transactions.

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