Thursday, 10 November 2016

Tory ‘Buy As You Go’ Plan To Make Renters Homeowners

Families who are “just managing” will have the chance to buy their homes after 25 years of paying rent, under government plans being considered. A new type of tenure, to be called “buy as you go”, is expected to be announced as part of a major revamp of the housing market at the end of this month. Buyers will not need to have paid a deposit or require a mortgage but will build up equity in their homes over time. The policy is set to be unveiled during the chancellor’s autumn statement, with details to be published in a housing white paper shortly afterwards. Read more on the Observer website.

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