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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.