L

Lord Best (CB)

Speaking in the House of Lords on 23 April 2026

Debate

Home Ownership: First-Time Buyers

Contribution

My Lords, will the Minister agree that it is the longer-term effect of having fewer first-time buyers that really counts? When you retire as a tenant, you have not paid off a mortgage, you have not got a capital asset and you see your rent rising every year but your income falling. It catches up with you on retirement. In that longer-term perspective, I ask the Minister: what has happened to the Government’s long-term national housing strategy, which she promised me on 11 February would be out by 31 March? Is this on the way, and will it include a good chunk on how to bolster the number of first-time buyers, which is so important?

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