Labour Considers Help for First-Time Buyers

This is a England news story, published by iNews (Indonesia), that relates primarily to Matthew Pennycook news.

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mortgage guarantee scheme

iNews (Indonesia)

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Labour not ruling out new help for first time buyers

Summary

Nutrition label

68% Informative

Housing Minister Matthew Pennycook said Labour were considering what more could be done to help people access home ownership.

Mortgage rates are now holding steady at around 5 per cent depending on the type of deal homeowners choose but they remain more than double what they were before the pandemic.

Labour announced they would be extending the previous Tory government's mortgage guarantee scheme.

Housing Minister launches task force to decide where Labour ’s new towns will go in England .

Dame Kate Barker said building new towns was vital for growing the economy.

Building more homes “gives young people the ability to move out of home and improves labour mobility,” she said.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity