Submitted by Chantelle McCarthy on Saturday 5th June 2021
Published on Friday 11th June 2021
Current status: Closed
Closed: Saturday 11th December 2021
Signatures: 30
Relevant Departments
Tagged with
5 years ~ Careers ~ Children ~ Extend ~ First Homes ~ Get Back ~ Help to Buy ~ Law ~ Owners ~ property
Extend eligibility for first time buyer schemes to previous owners
The Government should change the law so that people who have not owned a property for 5 years are considered as first time buyers for the purpose of accessing first time buyer schemes such as Help to Buy and First Homes.
Previous home owners can find it very difficult to get back on the property ladder. Many have sold their homes under exceptional circumstances such as growing family, economic reasons or loss of work. Some parents are unable to continue their careers after having children, as the cost of childcare can outweigh the benefit of working, and this can force them into rented accommodation with little hope of getting back on the property ladder. This can be a particular problem for military families.
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