politics Liverpool, England
Andy Burnham announces first-time buyer housing scheme
20%
Eligible first-time buyers will receive a 20% equity loan to help purchase a new-build home.
Andy Burnham announced “Your first home”, a proposed England scheme offering eligible first-time buyers a 20% equity loan and 2.5% minimum deposit. Bellway’s chief executive said it could lift output by about 10%; the government also plans to return long-term empty homes to use.
2 sourcesThe GuardianUpdated
Claims
Support what holds up. Dispute what doesn't.
Andy Burnham announced a first-time buyer scheme called “Your first home” for buyers in England.
2 of 2 sources“Andy Burnham’s surprise announcement of the YFH scheme”
- 20%
Eligible first-time buyers will receive a 20% equity loan to help purchase a new-build home.
2 of 2 sources“They will be offered a government-backed equity loan worth 20% of the purchase price”