Healey’s Budget bets £4.7bn on first-time buyers as landlords face tax hit

Chancellor John Healey has confirmed a £4.7bn Your First Home scheme to help 70,000 first-time buyers, alongside £1.5bn more for social housing and new support for housebuilders.

The equity loan scheme, first announced by Prime Minister Andy Burnham at Labour’s conference in September, will let first-time buyers in England put down a deposit of 2.5% on a new-build home, with the government lending up to 20% of the price. Loans will be interest-free for five years, with charges rising gradually after ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...