Monday 20 June 2011

Scheme launched to help first-time buyers - Property, House & Home - The Independent

Scheme launched to help first-time buyers - Property, House & Home - The Independent

A new scheme aimed at helping first-time buyers to get a foot on the property ladder was launched by the Government today.

FirstBuy will see the Government and housebuilders provide buyers with an equity loan of up to 20%, meaning potential buyers will have to put up a 5% deposit to qualify for a 75% mortgage.

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