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What is a starter home?

Part of Housing and Planning Bill – in the House of Commons at 7:15 pm on 3rd May 2016.

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Photo of Stewart Jackson Stewart Jackson Conservative, Peterborough 7:15 pm, 3rd May 2016

Is there not an issue of fairness and social equality here? It was reported today that 25% of the funding for first-time buyers comes from mum and dad—the family. Is it not unfair that if an individual has wealthy parents, their parents can cascade that wealth to them? This policy, under a Conservative Government, will spread the wealth and enable people on modest incomes not to have to rely on the bank of mum and dad to buy their first home.