The results of the general election have now been announced, with the Labour party winning by a huge majority. Millions of voters took to their local polling station on Thursday to cast their votes in the first nationwide election since 2019.
Here are all the promises that Labour have made to improve the market for homeowners and renters in the UK: Social housing Keir Starmer has promised a significant increase in social and affordable housing, focusing on social rented homes. “Labour’s plan to get Britain building will unlock the dream of home ownership. Our new Freedom to Buy mortgage guarantee scheme will support first-time buyers who don’t have access to the ‘bank of Mum and Dad’, so those who can afford mortgage repayments but struggle to save for a large deposit.
“In the long-term, the only real way to take the heat out of the private rented sector is to build more homes to buy and rent, including a far greater number of genuinely affordable social rented homes. That’s precisely why we have a plan to build 1.5 million homes over five years and to oversee the biggest boost to social, affordable and council housing in a generation.”