A YOUNG woman struggling to get onto the property ladder has welcomed the Government’s plans to help low earners and first time buyers in the budget.

Jennifer Anderson, from Richmond, North Yorkshire, is living with her parents while she saves to buy a place of her own.

The 26-year-old baker, who earns around £11,000 per year, said the decision to raise the point at which workers pay income tax from £10,000 to £10,500 was a step in the right direction.

She is also heartened by Chancellor George Osborne’s plans to extend the Help to Buy equity scheme for new-build homes until 2020.

“I don’t know if it will make much difference in the grand scheme of things but every penny counts when you are saving,” said Miss Anderson.

“I studied art at university but I have always loved baking and after I graduated I trained as a chef and patissier. I really like my job but I am still at the start of my career and my wages reflect that.

“I would love my own place but I could never afford to rent and save for a mortgage at the same time. Help to Buy gives me hope that I will get onto the property ladder one day.”

The Help to Buy scheme allows people to buy new homes worth up to £600,000 with as little as a five per cent deposit, with the Government lending buyers up to 20 per cent of the cost of the property.