First-time buyers should be wary of new mortgage schemes - Mortgages, Money - The Independent

First-time buyers should be wary of new mortgage schemes - Mortgages, Money - The Independent

It has been a red-letter week for the UK property market, with the Government's FirstBuy initiative opening up to first-time buyers (FTBs) and the announcement that mortgage and investment firm Castle Trust will launch its partnership mortgages later this year.


While innovative new products that aim to breathe life into the housing market should be encouraged, experts warn that homebuyers should not follow blindly.

Under FirstBuy, the Government ....