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Lord Young of Cookham (Con)

Speaking in the House of Lords on 23 April 2026

Debate

Home Ownership: First-Time Buyers

Contribution

I am grateful to the Minister for that reply. Recently, the Prime Minister said: “For my family growing up, the roof over our heads was everything. But for so many families today, homeownership is a distant dream. My government will make it a reality once again”. For millions of people renting or living with their parents, it remains a dream. Many of them could actually afford the mortgage repayments, but without access to generous relatives, they cannot afford the deposit. Back in January, when I asked the Minister about hope for first-time buyers, she said: “A great deal of work is going on in my department and with financial institutions to make sure that we make this process work for first-time buyers and others in the housing market”.—[Official Report, 8/1/26; col. 1314.] Should there not now be a fresh initiative to deliver the Prime Minister’s promise?

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