Property boss backs budget scheme for first-time buyers (From Essex County Standard)
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Property boss backs budget scheme for first-time buyers
12:40pm Friday 22nd March 2013 in News By James Cox
Property boss backs budget scheme for first-time buyers
PROPERTY bosses have welcomed a new scheme to help buyers.
Duncan Jackson, managing director of Persimmon Homes Essex, applauded the Help to Buy scheme unveiled in George Osborne’s latest budget.
He said: “We believe this will help create much needed movement within all levels of the housing market.”
Help to Buy offers an equity loan for 20 per cent of property value and a mortgage guarantee to incentivise lenders and attract buyers with small deposits.
Comments(4)
Boris
says...
6:05pm Fri 22 Mar 13
Boris
says...
6:07pm Fri 22 Mar 13
Boris wrote:I should have added: the opposite of what is needed, except of course for housebuilders like Persimmon, whose profits will increase as house prices rise.
This government scheme will serve only to drive up house prices, the very opposite of what is needed.
How kind of George Osborne to boost company profits at our expense.
DelA
says...
6:36pm Sat 23 Mar 13
bloke down the pub says...
4:21pm Fri 22 Mar 13