politicsLiverpool, England
Andy Burnham announces first-time buyer housing scheme
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.
20%
Eligible first-time buyers will receive a 20% equity loan to help purchase a new-build home.