Burnham has announced a scheme aimed at helping more first-time buyers onto the housing ladder. The prime minister said the initiative was intended to support people who do not have access to financial help from what is commonly described as the “bank of mum and dad”.
The announcement focuses on people seeking to buy their first home without family backing. It presents the scheme as a response to the difficulties faced by prospective buyers who cannot rely on support from relatives.
No further details of the scheme, including its precise structure or when it will begin, were provided in the supplied announcement.
