Help for first-timers 'the wrong step' | This is Money
Plans to give a helping hand to first-time property buyers received a mixed reaction from commentators and the housing industry.
While builders welcomed the injection of £250m to support the purchase of new-build homes, some experts dismissed the scheme as 'a step in the wrong direction'.
The scheme, announced in Wednesday's Budget speech, will be known as FirstBuy and is intended to help about 10,000 households with an income below £60,000 a year who can find a 5% deposit on a new home.
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