Labour proposes to make the Tory mortgage guarantee scheme permanent, aiming to help 80,000 first-time buyers.

Labour proposes to make the Conservative government's mortgage guarantee scheme permanent, aiming to help 80,000 first-time buyers onto the property ladder. The party's "Freedom to Buy" scheme would involve the state acting as a guarantor for part of a home loan, encouraging lenders to offer low-deposit deals. Labour claims this initiative will help over 80,000 young people onto the property ladder within the next five years.