Tuesday, September 2, 2008
Is it me or do all these measures just make it easier for people to overstretch their finances again??
Offering 10,000 first time buyers frozen out of the mortgage market the chance to get onto the property ladder through a new £300m shared equity scheme. Buyers, whose household income is under £60,000, can apply for an equity loan of up to 30% of the value of the house, co-funded by the government and the developer and which will be free of charge for five years.