00:00You can't build a stable housing market on hope, and you definitely can't build one on borrowing alone.
00:06When I speak to young people across our area, in Farnham, Borden, Hazelmere and our villages,
00:11the message is always the same. They are doing everything right.
00:15They're working hard, saving what they can and playing by the rules.
00:19But still, the first rung of the property ladder feels like it's getting further away, not closer.
00:25Now, Labour has taken what was a temporary support scheme after the pandemic and decided to make it permanent.
00:32The new mortgage guarantee scheme may help with deposits, but it does not solve the core problem.
00:38We still do not have the homes. We still do not have the infrastructure. And we still do not have a plan.
00:45And that is the gamble. This scheme only works if Labour's plan to build 1.5 million homes comes off,
00:52and everything depends on it. If the homes do not get built, prices go up, borrowing gets riskier,
00:58and first-time buyers are left more exposed than ever.
01:01A policy designed to help young people could end up trapping them in debt they can't afford.
01:06That is why this scheme was always meant to be temporary. It was a crisis tool, not a foundation for long-term housing policy.
01:13Making it permanent without fixing the supply side is like putting more passengers on a train you've not built the track for.
01:20If Labour's plan fails, and the warning signs are already there, the risk is not just economic, it is personal.
01:28Young people in our towns and villages could be left carrying the cost for decades to come.
01:33We need to support first-time buyers, yes, but we need to do it responsibly, with homes, infrastructure and a plan that stacks up.
01:40Right now, Labour is offering none of that. Just a promise and a gamble.
01:46Don't be stopped, no marker.
01:50Like you, the patch of mid-year county, spread the cross for decades.
01:54But then Pada is making sure the tracks stay slow and long.
01:56Exactly.
01:58Just a replicable answer to the questions, open it up, get accidentally straight into position,
02:01so when you start to reach awareness again, especially if you do not cure them,
02:04in terms of letting snowflake or whatever the criteria you need to do,
02:06in terms of adding up for instructions from being linked to you,
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