Part of Housing, Communities and Local Government – in the House of Commons at on 22 February 2021.
Robert Jenrick
The Secretary of State for Housing, Communities and Local Government
Central to this Government’s mission is the promise of helping more people to achieve the dream of home ownership. That is why we have introduced a new shared ownership model cutting the minimum stake that someone needs to buy a home of their own to 10% and allowing them to increase in 1% steps. Thousands more people will benefit, as up to 50% of the homes delivered through our new affordable homes programme will be shared ownership, with those in rented homes being given the right to shared ownership. This all comes on top of our new Help to Buy scheme, which specifically targets first-time buyers, our First Homes policy, which discounts new homes by at least 30%, and our landmark leasehold reforms announced earlier in the year.