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Industry welcomes Labour plans to win over first-time buyers with housing reforms

Summary by City AM
Within its 125-page manifesto, Keir Starmer said he would work with local authorities to give first-time buyers first dibs on homes and limit developments being sold off to international investors.  The wannabe Prime Minister also vowed to “introduce a permanent, comprehensive mortgage guarantee scheme, to support first-time buyers who struggle to save for a large deposit, with lower mortgage costs”.  It follows a torrid time for would-be-buyers…

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City AM broke the news in London, United Kingdom on Thursday, June 13, 2024.
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