A high-profile housing scheme offering first-time buyers
discounted homes will be unaffordable to the vast majority of workers on
average or low incomes. The First Homes scheme has been described by ministers
as “genuinely life-changing for people all over the country”. However, new
analysis suggests it will be out of the reach of average earners in 96% of
England. Research by Shelter found that, in almost all parts of England,
someone on an average salary or lower could not afford to buy one of these
new-build homes. It also shows that almost two-thirds (63%) of private renters
in England have no savings at all for a deposit. Read more on the Observer
website.
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