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Business · 7 hours ago

First-Time Buyers to Get New-Build Homes With 2.5% Deposit

First-Time Buyers to Get New-Build Homes With 2.5% Deposit

Paul Harrop, CC BY-SA 2.0, via Geograph/Wikimedia Commons

First-time buyers in England will be able to buy a new-build home with just a 2.5% deposit under a £4.7bn scheme confirmed in the Budget. The Your First Home plan offers a government equity loan worth 20% of the price, aiming to help about 70,000 more people buy homes. Applications are expected to open in February, with income limits of £110,000, or £140,000 in London.

By BriefTea Editorial ·

Reported by Housing Today · How we write briefs

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