Labour pledge to first-time buy­ers

The Oban Times - - News -

TWO High­lands and Is­lands Labour MSPs are back­ing the party’s pledge to help first-time buy­ers get on the prop­erty lad­der.

David Ste­wart and Rhoda Grant are back­ing the pol­icy, part of Scot­tish Labour’s man­i­festo ahead of the Holy­rood elec­tions in May, which would ef­fec­tively dou­ble the help first­time buy­ers cur­rently re­ceive to­wards sav­ing for a de­posit.

Un­der the plans, a per­son who saves money in an ISA for a de­posit would have the amount equalled by a Labour Scot­tish Govern­ment.

Mr Ste­wart said: ‘Ev­ery­one de­serves a home and a chance, but too many young peo­ple are ei­ther liv­ing at home with their par­ents or stuck in ex­pen­sive rents un­able to get that first foot on the hous­ing lad­der.

‘Home own­er­ship is a big am­bi­tion for hun­dreds of thou­sands of young peo­ple but for too many it re­mains an am­bi­tion rather than a re­al­ity.’

Mrs Grant added: ‘Un­der Scot­tish Labour’s plan we will ef­fec­tively dou­ble the help to­wards sav­ing a de­posit for first time buy­ers, in­vest­ing an ad­di­tional £ 3,000 for first time buy­ers sav­ing as part of our plan.’

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