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First Time Buyers: Wirral

Volume 470: debated on Thursday 17 January 2008

To ask the Secretary of State for Communities and Local Government what types of Government support are available to first-time house buyers, with particular reference to the Wirral, West constituency. (179155)

The Government are committed to supporting first time buyers. Support is available through the provision of affordable housing and low cost home ownership schemes such as the First Time Buyers Initiative.

The First Time Buyers Initiative is part of the HomeBuy low-cost home-ownership scheme which the Government introduced in April 2006. This initiative targets key workers and other eligible groups that have sufficient income to sustain home ownership, but are currently prevented from entering the housing market.

No figures are available specifically for Wirral, West constituency, however Wirral received in excess of £7 million from the Housing Corporation Affordable Housing Programme in the period 2004-07. This has resulted in 123 homes for low cost home ownership and 213 homes for social rent being made available. In addition, Wirral metropolitan borough council has secured approximately 300 affordable houses over the last two years in negotiations with developers.

Following the recent Spending Review the increased Regional Housing Pot allocations for 2008-11 will deliver additional affordable housing across the region, for which Wirral have the opportunity to further increase the supply of affordable homes for sale.