Matthew Pennycook

Matthew Pennycook

Labour — Greenwich and Woolwich

Speaking in the House of Commons on 2 November 2026

Debate

First-time Buyers

Contribution

The Government remain determined to revive the dream of home ownership. In the Budget, the Chancellor confirmed £4.7 billion for the Your First Home scheme, providing equity loans to help those who cannot rely on the bank of mum and dad to buy their first home. The Chancellor also announced a new first-time buyer ISA and reduced the lifetime ISA withdrawal charge to 20%.

More from Matthew Pennycook

Other recent Hansard contributions by the same speaker.

About Hansard

Hansard is the official verbatim record of proceedings in the UK Parliament. Every word spoken in the Commons and Lords is recorded and published — this page is a single contribution from that record.

For Matthew Pennycook's full parliamentary record including voting history, expenses and all other contributions, see the Matthew Pennycook report card.