ANDY BURNHAM has announced a new help-to-buy housing scheme for first-time buyers.To be called Your First Home, the plan will offer buyers a 20 per cent equity loan with an initial interest-free repayment period.It will exclude those with large savings and be subject to a price cap.Mr Burnham said: “Too many young people are struggling with housing, with many giving up hope on ever having a home to call their own.“So we are going to help more first-time buyers onto the housing ladder, especially those who can’t call on the bank of mum and dad.
ANDY BURNHAM has announced a new help-to-buy housing scheme for first-time buyers.To be called Your First Home, the plan will offer buyers a 20 per cent equity loan with an initial interest-free repayment period.It will exclude those with large savings and be subject to a price cap.Mr Burnham said: “Too many young people are struggling with housing, with many giving up hope on ever having a home to call their own.“So we are going to help more first-time buyers onto the housing ladder, especially those who can’t call on the bank of mum and dad. Read More
