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What is a starter home?

Part of Housing and Planning Bill – in the House of Commons at 5:30 pm on 3rd May 2016.

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Photo of Chris Philp Chris Philp Conservative, Croydon South 5:30 pm, 3rd May 2016

I must say to the Minister, with all due respect to my hon. Friend Jake Berry, that starter homes will work in many London boroughs, too. In my borough of Croydon, the average starter home will cost £190,000. With a help-to-buy mortgage, a £10,000 deposit is necessary and a couple, each earning £22,500, can afford to buy. In Croydon, as I say, it will work.