Boris Johnson has pledged to help more young people in the UK to get on the property ladder for the first time.At present, many youngsters struggle to buy their own home - as a result of high deposits and high interest rates on mortgages.But now the PM has said he wants to see an end to this, and has pledged to turn “generation rent into generation buy” with long-term, fixed-rate mortgages of up to 95% of the value of a home for first-time buyers.The Prime Minister said the policy could lead to the ‘biggest expansion of home ownership since the 1980s’.In a speech made at the Conservative Party’s online conference, the Prime Minister said he wanted to “fix our broken housing market” and help young people onto the housing ladder.PA reports.
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