UK government annouces plans to help people onto the housing ladder.
Nearly 120,000 new homes will be built as part of the largest single investment in affordable housing in a decade.
30,000 homes for social rent built, providing secure, affordable housing to those who need it most - including helping those who are homeless.
Around half of the new homes from this £8.6 billion funding will be available for affordable home ownership, helping even more young people and families to get a foot on the housing ladder. This follows other government schemes to help first-time buyers into homeownership including First Homes, offering new homes at a 30% discount on the open market value, and the 95% mortgage guarantee scheme, which helps first-time buyers secure a mortgage with just a 5% deposit.