Tuesday, 3 October 2017

May Promises £10bn Help To Buy Boost

The government will find an extra £10bn for the Help to Buy scheme to let another 135,000 people get on the property ladder, Theresa May has said. The extra cash will help buyers get a mortgage with a deposit of as little as 5% to buy newly built homes. Mrs May gave no detail about the source of the funding and said plans would be outlined in the Budget on 22 November. But think tank the Adam Smith Institute criticised the revival of the scheme, saying it would push up house prices. Read more on the BBC.

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