First-time buyer scheme ¿risks plunge in prices¿ | Mail Online
First-time buyers are at risk of owning a home which will plunge in value under the Prime Minister’s scheme to help get them on the property ladder, experts warned.
The move will allow people to buy a home in England who have a deposit worth only 5 per cent of its value. At present, a typical first-time buyer needs about 20 per cent of the value.
Under the scheme, the government would underwrite part of the risk to lenders.
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