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Help to Buy

Volume 607: debated on Monday 21 March 2016

14. What steps his Department has taken to encourage new homes to be built and bought through Help to Buy. (904233)

The Government are investing a further £8.6 billion to enable another 145,000 people to buy their own home by 2020-21. Recent evidence has made it clear that 43% of homes sold would not have been built without the scheme, so it is clearly driving up the housing supply.

The great city of Lincoln is one of the most historic and successful cities in our country and more and more people want to live and work there. Ahead of any directly elected mayor of the county, would my hon. Friend like to remind councils such as City of Lincoln Council of the need to support private house building as well as affordable house building to ensure that my city’s residents have a full range of housing choices?

My hon. Friend makes a good point. It is important that local areas consider their housing needs and are able to plan to deliver the housing that local people want. Some 86% of our population want the chance to own their own home, so I encourage local authorities to work actively and enthusiastically with the starter homes programme that provides first-time buyers with a discount of at least 20%.