First Time Buyers: East of England
The question
To ask the Secretary of State for Housing, Communities and Local Government, what estimate he has made of the average house price for first time buyers in East England.
Answered by Matthew Pennycook
The affordability challenges facing prospective first-time buyers mean that too many people, including key workers, are now locked out of homeownership.
In addition to increasing the supply of homes of all tenures, the government is supporting people into home ownership, including through the shared ownership scheme and the Lifetime ISA.
The government has also introduced a new, permanent Mortgage Guarantee Scheme, available to support and sustain availability of low deposit mortgage products for prospective buyers.
First-time buyers in East England may also benefit from home ownership initiatives offered at the local level.
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