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FirstBuy launches to help first-time buyers

Housing minister Grant Shapps launched the government’s FirstBuy scheme last week. Under the initiative, the government and house builders offer first-time buyers a 20% equity loan with a 5% deposit needed from the borrower. Halifax, Nationwide, Barclays and Melton Mowbray Building Society have agreed to provide the remaining 75% LTV mortgage.

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As rentals rise let us learn from Europe

With a recent Halifax study reporting that two-thirds of 20 to 45 year olds believe they have no prospect of buying a home, the focus on first-time buyers and their difficulties continues to hit the headlines. The market share for first-timers decreased for the second consecutive month in April. The average age of a first-time […]

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