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Labor bids for Tory mantle as ‘homeownership party’

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Labor pledges to cut affordable rents and prioritize first-time buyers when buying new-build homes as it bids on Tory cloak as ‘homeownership lot’

  • Labor bids to take Tories over home ownership during conference begins
  • Lucy Powell pledges to make housing more affordable and improve access
  • New buyers can get ‘first dibs’ on new-build homes for six months










As the Labor conference kicks off tomorrow, shadow housing minister Lucy Powell is making a glaring attempt to steal the Tory mantle as the ‘homeownership party’

Labor pledges to cut affordable rents and give first-time buyers priority to buy new-build homes for six months as Keir Starmer tries to get his leadership back on track.

As the Labor conference kicks off tomorrow, shadow housing minister Lucy Powell is making a glaring attempt to steal the Tory mantle as ‘the homeownership party’.

She will promise that a government led by Sir Keir will limit the share of properties in a development that can be sold to foreign buyers to 50 percent.

Municipalities could also be given powers to force landowners to sell vacant lots so that new homes can be built at lower prices than currently possible.

The price of affordable homes can be linked to average income to help people get up the ladder, while new buyers can get ‘first dibs’ on new construction – possibly for the first six months they’re on the market.

The package aims to compete with Michael Gove – the new Secretary of State for Levelling, Housing and Communities.

Labor believes its decision to suspend reform planning has left the government vulnerable on the housing battlefield – a major problem for many younger voters.

Ms Powell said: ‘The country is facing a housing crisis that has broken the link between hard work and climbing the housing ladder for many. Uncertain leases and expensive rents make it difficult for people who follow the rules to move forward in life. The challenges of affordability, an aging population, building security and the climate emergency all mean we need a bold new approach.

“We will build a new settlement on housing, with a first step today that will force developers to build more truly affordable homes, and give first-time buyers the first time on new developments so they can’t just be sold off-plan to second homeowners.” or foreign investors.

‘Labour is the homeowners party, the Tories are the speculators and developers’ party. The Conservatives’ failure on housing today means they don’t have the answers to solve tomorrow’s challenges. They regard housing as a commodity, not as the basis of stable lives and life chances.’

MS Powell will promise that a government led by Sir Keir will limit the share of real estate in a development that can be sold to foreign buyers to 50 percent

MS Powell will promise that a government led by Sir Keir will limit the share of real estate in a development that can be sold to foreign buyers to 50 percent

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