Saturday, July 13, 2024

Labour Win the election: What does this mean for First time Buyers? 

Lynda Clark, Editor of First Time Buyer Magazine, comments: “Housing has become a major focus in this election’s debate, more so than in recent years. Indicative polls over the last few weeks showed that first time buyers are optimistic about the changes that a Labour Government will bring to a tough housing market. They are right to hope for better – house prices are high, yanking up deposits behind them, while mortgage rates linger at around 5%, making it hard to borrow.  

Labour’s plans to address the housing crisis through an accelerated housebuilding programme will lead to better housing options for buyers, and first time buyers will be supported by the extended mortgage guarantee scheme. Existing initiatives including shared ownership, Rent to Buy and London Living Rent remain available, and with greater backing from a new Government these will continue to help thousands of first time buyers each year escape the rental trap and get on the property ladder.” 

Lynda Clark

Lynda has been a journalist all her working life. She started as an indentured reporter on the Streatham News. After three years she joined Woman’s Weekly in the fashion department and eventually worked her way up to being Associate Fashion Editor. After 13 years she decided to go freelance and wrote for many newspapers and magazines. Her interest in homes and interiors began when she became Editor of Homestyle magazine. Having always wanted to start her own magazine she launched Spaces – an international magazine aimed at people who are passionate about architecture and design. After five years she sold the title and began working at First Time Buyer magazine. She quickly became Editor and eventually CEO of the company. She is truly passionate about getting first timers on to the property ladder and supports all the housing associations, developers, legal and financial experts helping them to spread the word about the affordable housing options open to first time buyers. 

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