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Published 2 years ago

Labour pledges to become ‘party of home ownership’

Summary by Ground News

Labour leader said the party will target a home ownership rate of 70%. This compares to less than 65% at the moment, he said. A mortgage guarantee scheme is designed to allow buyers to access cheaper loans than otherwise available through the state standing behind home lending. But some previous schemes have been criticised as inflationary.

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Labour pledges to become ‘party of home ownership’

Leader Keir Starmer sets out plan to hit new 70% home ownership target with mortgage guarantee scheme

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