Skip to main content
Banner image for Paul Maynard

Paul Maynard

Working hard for Blackpool North & Cleveleys
Site logo

Main navigation

  • Home
  • About Paul Maynard
  • News
  • Campaigns
  • Constituency
  • My Plan
  • In Parliament
  • Contact
  • Events
  • Get involved
  • Hall of Fame

Paul Maynard MP welcomes support for first time buyer

  • Tweet
Thursday, 13 February, 2020
Paul Maynard has welcomed a boost for first time buyers

A new generation of homeowners will be able to take their first step on to the housing ladder thanks to a new government scheme which will cut the cost of some new homes by a third.

Known as First Homes, the scheme will see a discount locked into the property to ensure more first-time buyers benefit in years to come. Local people unable to afford a home will be able to buy in their area, rather than be forced to look elsewhere by rising prices.

The scheme will lower deposit and mortgage requirements for local first-time buyers in England – shaking up the housing market and making the dream of home ownership a reality. The discount will apply to a proportion of new homes, with the government consulting on how this will be delivered.

Welcoming the announcement of the scheme, Paul Maynard MP for Blackpool North and Cleveleys said:

“Hardworking people deserve the opportunity to own their own home, but too many first-time buyers here in Blackpool North and Cleveleys have been forced out of buying due to rising prices. This is why I really welcome the First Homes scheme, it will be life changing for people across Blackpool North and Cleveleys who are looking to buy their first home.

“The scheme will make a huge difference, we will be cutting the cost of qualifying new homes by a third - lowering the deposit and mortgage requirements for local first-time buyers in England. Under this new scheme, eligible first-time buyers will save on average around £100,000.

Paul added: “I am also pleased that veterans will be prioritised as part of Armed Forces Covenant and councils will also be able to use the scheme for front-line workers in their area such as police, nurses, prison officers and teachers.

“We want to ensure that hard work is the only hurdle to buying a first home and to see more and more first-time buyers and their family’s setting down roots in their local communities.”

  • Local News

You may also be interested in

Paul and Scott are backing Blackpool

Blackpool MPs join forces to back hospitality and tourism trade

Friday, 19 February, 2021

Blackpool’s Conservative MPs have joined forces calling on the Government to continue vital support for the town’s tourism and hospitality businesses.

 

Show only

  • Local News
  • Westminster News

Paul Maynard Member of Parliament for Blackpool North and Cleveleys

Footer

  • About RSS
  • Accessibility
  • Cookies
  • Privacy
  • About Paul Maynard
  • Constituency
  • In Parliament
ConservativesPromoted by R Rendell on behalf of P Maynard MP both of BNCCA, 70 Red Bank Road, Bispham, FY2 9HY
Copyright 2022 Paul Maynard Member of Parliament for Blackpool North and Cleveleys. All rights reserved.
Powered by Bluetree