Labour Introduces 'Freedom to Buy' Scheme for Young Homebuyers

The plan aims to make the mortgage guarantee scheme permanent, targeting 80,000 first-time buyers and addressing housing affordability.

Labour's 'Freedom to Buy' scheme rebrands the Conservative mortgage guarantee initiative, set to expire in 2025.
The scheme allows first-time buyers to secure homes with a 5% deposit, backed by a government guarantee.
Labour promises to build 1.5 million homes and tax foreign buyers to fund new planning officers.
Critics argue the plan may not address high mortgage costs and could push house prices up.
Housing groups express concern over the lack of support for renters facing rising rents.