Loan Scheme to Put First-Time Buyers On Ladder

Summary


First-time buyers struggling to raise a deposit received a boost with the announcement of a new scheme to help them get onto the property ladder.

The Government has earmarked Pounds 250 million from the Bank Levy to help around 10,000 households with incomes of up to Pounds 60,000 buy a new-build property.

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Extract


Loan Scheme to Put First-Time Buyers On Ladder

Under the FirstBuy initiative, buyers must save a deposit worth five per cent of th...

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