First-time Homebuyers

Part of Treasury – in the House of Commons on 19th April 2016.

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Photo of George Osborne George Osborne Chancellor of the Exchequer and First Secretary of State

We are both building more houses and helping young families afford those homes. Some 400,000 new homes are being built over the years of this Parliament, half of them starter homes for first-time buyers. In the Budget I also launched the new lifetime ISA, so that young people no longer have to choose between saving for a home and saving for their retirement—we are going to help them do both. All this from a Conservative Government who support people’s aspirations to buy their own home and, in time, pass that on to their children.