Give Britain’s Young Homebuyers State Loans For Deposits

Young people struggling to buy their first home should be offered loans by the government to help them pay the deposit, according to a new report which warns that reduced home ownership and the recent surge in private renting is damaging family life. The idea has been put forward by the Housing and Finance Institute (HFI). As with the current system of student loans, the HFI suggests the loans could be repaid as a proportion of salary once the recipient has reached a certain income threshold. Alternatively the money could be repaid under a simple repayment arrangement, although at a low interest rate and over a long term. Read more on the Guardian website.

https://www.theguardian.com/society/2018/jul/29/housing-renting-mortgages-loans-home-ownership-first-time-buyers