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min answer › date of answer	2015-06-24
house id	1
answering dept id	7
question text	To ask the Secretary of State for Communities and Local Government, what assessment he has made of the potential effect of the Starter Home scheme on the level of home ownership among people under 40 years of age.

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registered interest

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answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member constituency

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

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and

answer text

answering member constituency

answering member printed

question first answered

answering member


label

tabling member


label

506325

registered interest

date

08/04/2016

answering body

Department for Communities and Local Government

answering dept id

answering dept short name

Communities and Local Government

answering dept sort name

Communities and Local Government

hansard heading

Housing: Construction

house id

legislature

25259

	pref label	House of Commons

question text

To ask the Secretary of State for Communities and Local Government, what assessment he has made of the potential effect of the Starter Home scheme on the level of home ownership among people under 40 years of age.

tabling member constituency

York Outer

tabling member printed

Julian Sturdy

uin

32808

answer

is ministerial correction

date of answer

04/05/2016

answer text

Over the last twenty years, the proportion of under 40 year olds who own their home has fallen by over a third from 61% to 38%, and the average house price to earnings ratio for successful first time buyers is now 4.3 compared to 2.7 in 1993.The Government is determined to change this and ensure that more young people can afford to buy their own home. That’s why we are committed to building 200,000 starter homes to provide affordable homes for purchase with a minimum 20% discount for first-time buyers under the age of 40.Starter homes are an important innovation to improve the level of home ownership in this age category.

answering member constituency

Great Yarmouth

answering member printed

Brandon Lewis

question first answered

04/05/2016 15:42:46

answering member

4009

	label	Biography information for Sir Brandon Lewis

tabling member

4079

	label	Biography information for Julian Sturdy