Only a few days to go: We’re raising £25,000 to keep TheyWorkForYou running and make sure people across the UK can hold their elected representatives to account.

Donate to our crowdfunder

What is a starter home?

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

Alert me about debates like this

Photo of Brandon Lewis Brandon Lewis Minister of State (Communities and Local Government) 5:30 pm, 3rd May 2016

That is why we have extended and changed the arrangements. We now have the London Help to Buy scheme and we have starter homes coming in with a 20% discount. Shared ownership is also an important product, and we are determined to deliver 135,000 more shared ownership homes. The prospectus went out just a couple of weeks ago and the plan is to spend £4.7 billion in that area. Even in London, the deposit for such properties is closer to £4,000, which completely changes the affordability for people wanting to get into ownership.