Monday, Jun 25, 2007
Not perfect but is this a step in the right direction?
Firstrung: First time buyers get chance to buy their ‘Own Place’
As prices have raced away from incomes, would-be buyers' only hopes of getting on the property ladder have been shared ownership, clubbing together with a friend or relying on parents for a deposit or to act as a guarantor. But if you dream of owning your first home outright without sacrificing your space or independence, The Riverside Group might have the answer you're looking for. The leading social housing and regeneration organisation is introducing a scheme - aptly titled Own Place.
Posted by converted lurker @ 10:33 PM (166 views) Add Comment
2 Comments
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1. Fedupwithhouseprices said...
Hallelulia good for them and about time too! Hope they do the same down here in the South!
2. disciple said...
As far as I'm concerned, there is only one way to get house prices back so that first time buyers can buy. It's not doing some kind of creative accounting, which is what this is, it will make people bankrupt in the end.
The way forward is for the market to correct, a crash in other words. Afterall this is why we have crashes to correct stupidity!