Housing: Government Assistance

Treasury written question – answered on 17th September 2018.

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Photo of Ranil Jayawardena Ranil Jayawardena Conservative, North East Hampshire

To ask the Chancellor of the Exchequer, what fiscal steps he is taking to help people move on from their first property and move up the housing ladder.

Photo of Mel Stride Mel Stride Financial Secretary to the Treasury and Paymaster General

At Autumn Statement 2014, the Government reformed SDLT on residential properties, cutting the tax for 98% of people who pay it, unless they are purchasing additional property. These changes benefit those moving up the housing ladder

Since 2010, the Government has delivered 1.1 million additional homes in England, including over 375,000 affordable homes.

At Autumn Budget 2017, the Government announced that it will invest an additional £15.3 billion in housing over the next five years, bringing the total financial support over this period to at least £44 billion.

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