Cost of Living

Part of Treasury – in the House of Commons at on 7 May 2024.

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Photo of Allan Dorans Allan Dorans Scottish National Party, Ayr, Carrick and Cumnock

The Building Societies Association described the housing market as “broken”, with first-time homebuyers facing the toughest housing market conditions in 70 years. With the International Monetary Fund projecting interest rates to be around 5% for the remainder of the year and the Government rejecting the Scottish National party’s calls to reinstate mortgage interest relief, does the Chancellor anticipate any relief for first-time buyers in the near future?