The Yorkshire Post says: Housing boost for first-time buyers

IT DOES bode well that the number of first-time buyers gaining a foothold on the property ladder in the last 12 months was at its highest level since 2006 according to Yorkshire Building Society.

Embargoed to 0001 Wednesday January 02 File photo dated 14/10/14 of estate agents signs. The number of first-time buyers getting on the property ladder with a mortgage in the last 12 months was at its highest level since 2006, according to estimates from Yorkshire Building Society.

This shows that the Government’s Help to Buy scheme, or its many variations, is beginning to make a difference. Yet, while this is welcome, it could be short-term if Ministers are unable to accelerate housebuilding policies to keep up with demand.

Sign up to our daily newsletter

The i newsletter cut through the noise

The consequence will be even more young people unable to afford a mortgage at a time when Theresa May’s government has repeatedly said that this is its number one domestic priority.