Labour Party Unveils 'Your First Home' Scheme to Support Buyers
1 report, 1 independent
Updated Tue 00:00
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What happened
The Labour Party introduced the Your First Home scheme to assist first-time home buyers in reaching the housing market. The scheme will support deposits of 2.5%, which are backed by 20% government equity loans. The details are intended to be more targeted than the previous Help to Buy scheme.
From propertyweek.com
Why it matters
The policy is intended to be a major lever to support the housing market and reflect regional variations through local property benchmarks. The scheme is designed to help buyers secure the necessary financial footing to purchase property.
From propertyweek.com
Who's involved
- Labour PartyIntroduced the Your First Home scheme to support first-time buyers.
- EnglandThe geographical area where the housing market supported by the scheme operates.