Tuesday, 4 January 2011

Desperate developers offer first-time buyers loans for new homes | Mail Online

Desperate developers offer first-time buyers loans for new homes | Mail Online

Jilly Lang and Steven Montgomery were among the lucky first-time buyers of 2010 — but thousands of others will face an uphill battle this year.

Research from the Halifax suggests that the typical home bought by a first-time buyer has risen to £138,682, roughly 6.6 times the annual salary of a full time worker in their 20s.

Lang and Montgomery, who have moved from Glasgow to Northampton, used a loan scheme from Barratt Homes.

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