Rishi Sunak announced in the 2021 budget that he wanted the nation to go from generation rent to generation buy and have introduced new measures to ensure this happens.
an extension to the stamp duty holiday he launched last year for England and Northern Ireland, and a new UK scheme to bring back 95% mortgages.
A phased end to the stamp duty holiday and a government guarantee for 95% mortgages will turn “generation rent” into “generation buy”, the chancellor claimed on Wednesday.
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