News
Your First Home scheme could reduce reliance on family deposits, brokers say
However, brokers have warned that affordability pressures could limit the scheme's impact.
Your First Home
News
Your First Home scheme could leave FTBs unable to sell, property expert warns
Nathan Khider stated that buyers could pay a premium for a new-build property and face negative equity if they needed to sell within a few years.
News
Your First Home scheme could double new build options for solo FTBs, Rightmove finds
The number of available homes within reach of an average single buyer could rise by 114%.
News
Your First Home could delay purchases ahead of Budget, LSL warns
Craig Hall said: "While this is great news for the industry, there is a risk that first-time buyers who are ready to buy now will hold off until they know how the scheme works."
News
Your First Home could help address FTB shortfall – IMLA
Under the proposals, eligible FTBs purchasing a new-build property in England could buy with a 2.5% deposit, supported by a 20% Government-backed equity loan.
News
AMI welcomes new Government first-time buyer scheme
Stephanie Charman, chief executive of AMI, said: "Mortgage advisers will have an important role in helping consumers understand whether the scheme is right for them and, crucially, whether the borrowing remains affordable over the longer term."
Residential Mortgages
Government unveils 2.5% deposit scheme for first-time buyers
The Your First Home scheme is set to be confirmed at next month’s Budget, when further details on its cost and implementation timetable will be announced.