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First-Time Buyers

Volume 184: debated on Thursday 31 January 1991

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To ask the Secretary of State for the Environment what assessment he has made of schemes to assist first-time buyers with below-market value homes (a) in the European Community and (b) in the United Kingdom; and if he will make a statement.

The Department is aware of several schemes for assisting house purchase deployed in European Community countries. Most involve assistance towards loan repayments; we are not aware of any schemes in which property can he purchased at less than full market

The 1990–91 and 1991–92 Standard Spending Assessments for Education and Social Services and for each borough in Greater London in £ million·
£ million
Authority1990–91 Education SSA1991–92 Education SSA1990–91 Social Services SSA1991–92 Social Services SSA
City of London0·8240·8140·3960·500
Camden52·76261·06233·80941·584
Greenwich82·25798·03825·45132·165
Hackney91·828106·80045·07455·504
Hammersmith and Fulham45·60251·58732·21538·937
Islington64·21176·59734·14643·015
Kensington and Chelsea29·78334·85723·49730·155
Lambeth105·484124·82957·26271·209
Lewisham86·010102·42935·03543·806
Southwark85·168102·70840·81351·017
Tower Hamlets91·292112·11032·41441·015
Wandsworth84·14997·37443·82954·869
Westminster44·45650·04434·16143·073
Barking and Dagenham48·33856·90614·94318·288
Barnet88·054104·13423·23729·204
Bexley67·80080·49913·41216·715
Brent108·138124·84735·19142·506
Bromley79·37892·21420·35325·580
Croydon102·781120·35027·52334·025
Ealing100·586119·87130·87237·725
Enfield88·524105·59721·50026·679
Haringey79·30893·71132·52840·378
Harrow65·38775·40013·08015·983
Havering71·01584·56313·71017·183
Hillingdon69·11082·57416·04720·284
Hounslow68·77482·44318·64323·032
Kingston-upon-Thames36·27543·28210·98913·011
Merton47·16454·70515·34518·567
Newham98·510118·05931·63638·858
Redbridge71·22585·17817·08221·655
Richmond-upon-Thames35·99741·85913·67717·113
Sutton47·63356·68912·23315·251
Waltham Forest81·74496·67127·27433·156

value. By contrast, in the United Kingdom the Government have offered wider forms of assistance of which right to buy, shared ownership, homesteading and licensed development schemes involve substantial discounts to first-time buyers.

To ask the Secretary of State for the Environment what was the number of the people who bought homes for the first time in 1987, 1988, 1989 and 1990.

The number of first-time buyers in Great Britain is estimated at 630,000 in 1987, 770,000 in 1988 and 640,000 in 1989. Figures for the whole of 1990 are not yet available, but in the first three quarters of 1990 it is estimated that there were some 450,000 first-time buyers.