It would, but it would give them a very good deposit on a home if they were to then sell that property, and in the north-west, the implied first-time buyer price of a new build is £144,000. I am just giving an example which relates to the one the noble Lord gave, but in that case the properties would be well within the affordability range for a new-build first home.
Housing and Planning Bill
Proceeding contribution from
Baroness Williams of Trafford
(Conservative)
in the House of Lords on Thursday, 3 March 2016.
It occurred during Committee of the Whole House (HL)
and
Debate on bills on Housing and Planning Bill.
Type
Proceeding contribution
Reference
769 c963
Session
2015-16
Chamber / Committee
House of Lords chamber
Subjects
Librarians' tools
Timestamp
2016-03-09 16:23:54 +0000
URI
http://hansard.intranet.data.parliament.uk/Lords/2016-03-03/16030339000215
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