Good news for first time buyers under 40.
December 15, 2014
A scheme offering 100,000 first-time buyers new homes with a discount of 20% to help people onto the property ladder will be launched by David Cameron later.
Those under 40 who have never owned their own home can register their interest in buying via the Starter Home Initiative from the start of 2015 – six months earlier than planned. This innitiative coming soon after the tightening of rules regarding the elegibilty of borrowers to obtain mortgages has to be good news for some. We all know how hard it is to get onto the property ladder and this way is a life line for those that will not qualify for a mortgage under the strict new mortgage affordability rules.
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