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PostPosted: Thu 7:37, 10 Oct 2013    Post subject: abercrombie milano FirstBuy Boosts Sales Of New Ho

With many British residents finding it difficult to make ends meet,owning a property can seem like a far away dream to many young people.Since the credit crunch there are very few mortgage lenders offering large percentages of mortgage value, and buyers are being asked to find up to 20 o 30% of the house value as a deposit before they will even be considered. Raising tens of thousands of [url=http://www.mxitcms.com/abercrombie/]abercrombie milano[/url] pounds can take years without parental assistance, and could see new home developments standing empty with nobody ready to buy.
Government help
Thankfully the government has stepped in with a new scheme [url=http://www.mnfruit.com/doudounemoncler.php]moncler pas cher[/url] to assist first time buyers in getting together that all-important deposit on there first home. [url=http://www.mnfruit.com/louboutinpascher.php]louboutin[/url] The FirstBuy scheme is seeing the government putting in a grand total of ?250M to help around 10,000 first time buyers secure that mortgage with an [url=http://www.mquin.com/saclancel.php]lancel[/url] interest free equity loan. As part of the scheme, builders of [url=http://www.rtnagel.com/louboutin.php]louboutin[/url] new home developments are required to match the governments contribution with an interest free loan of their own, which will see total of 20% of the property value being offered up to mortgage lenders, along with around 5% of the buyers savings.
Restrictions
This scheme is designed to help people who, through no fault of their own, have been priced out of the property market. It [url=http://www.jordanpascherofficiele.com]air jordan pas cher[/url] is not designed to help people who refuse to help themselves, [url=http://www.mnfruit.com/doudounemoncler.php]moncler[/url] and therefore is only available to people who already have a 5% deposit saved up. It is also not designed for people who can afford to save a deposit [url=http://www.mnfruit.com/airjordan.php]jordan pas cher[/url] but just haven?t bothered yet, as it is only available to householders will an annual income of less [url=http://www.1855sacramento.com/woolrich.php]woolrich outlet[/url] than ?60,000.
Parental help
Parents have always tried to help their offspring to get a first for on the property ladder, with an estimated 80% of first time buyers getting some form [url=http://www.jordanpascherofficiele.com]air jordan[/url] of assistance with the deposit on a house. However, with higher depostis required [url=http://www.1855sacramento.com/peuterey.php]peuterey[/url] by lenders and the much higher price of houses, many parents are finding that the help they have on offer is jut not enough. This scheme will hopefully boost sales of new home developments and get more young people [url=http://www.rtnagel.com/louboutin.php]louboutin pas cher[/url] into suitable, modern accommodation and into the housing market for good.
FirstBuy Boosts Sales Of New Home Developments
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Submitted : 2011-09-28 00:00:00Word Count : 367Popularity: Not RatedTags: new houses, new housing developments
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