Commenting on the Budget, Bob Weston, Chairman of Weston Homes Plc, said:
“We welcome the introduction of the new lifetime ISA. Saving for a deposit has been one of the biggest obstacles preventing people from getting onto the property ladder. With the government adding 25% on every pound saved it should take three quarters of the time for first time buyers to save for a deposit.
“We also welcome the government’s commitment to improving transport infrastructure, in particular Crossrail 2, which will help to unlock sites that were previously unviable.”