Overview

• 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.