Developer backs scheme to help first-time home buyers

Summarised from 3 outlets · Updated 2 Oct, 13:19 · Archive

City and Country has backed the Your First Home scheme, which offers first-time buyers deposits of 2.5 per cent and government-backed equity loans of up to 20 per cent.

Developer City and Country has given its backing to the Your First Home scheme, a programme aimed at helping first-time buyers enter the property market.

The scheme allows first-time buyers to purchase homes with deposits of just 2.5 per cent. The government provides equity loans of up to 20 per cent to bridge the gap between the deposit and the full purchase price, reducing the amount that buyers need to borrow from traditional mortgage lenders.

City and Country's support for the initiative marks a significant endorsement from the development sector, which plays a central role in the housebuilding and property market.

How it is being reported

• Prominent developer weighs in on PM's new scheme for first time home buyersBrentwood Guardian · 30 Sept, 17:00
• Prominent developer weighs in on PM's new scheme for first time home buyersColchester Gazette · 30 Sept, 17:00
• Prominent developer weighs in on PM's new scheme for first time home buyersEcho (Basildon) · 30 Sept, 17:00

In this story: City and Country · Andy Burnham

This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem