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Focus on new-build won’t stimulate FTB interest

Why does the government’s mortgage rescue plan include new-builds and not second-hand properties if one of its objectives is to stimulate the first-time buyer market?

Housing associations are making profits from first-timers on new-builds. In certain areas they are 20% more expensive than second-hand properties, if not more. And many new-builds are based in developments with expensive management charges.

Michael Lewis

Lewis Partnership
By email

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