Budget-2006 comes with good news for the first-time buyers. The government has set aside £970m to help the first-time buyers to own a property.
March 25, 2006 (Press Release) --
London :( uk-direct-loans): March 22, 2006: UK first-time buyers have every reason to be happy because the Budget-2006 has put aside £970m to help them buying a property of their own.
According to Chancellor Gordon Brown the amount will help 3500 people to buy a home of their own for the first time. It will be done through a new shared equity scheme.
In fact, details of the shared equity scheme was announced in the Pre-Budget statement. In the announcement Mr. Brown declared that the buyers would have to pay only 75% of the price. The rest amount was to be paid by the government and the mortgage lender with whom they had taken out their loan.
But Mr. Brown’s latest announcement says that the buyers would have to manage as little as 25% of the property’s asking price.
For additional information on the news that is the subject of this press release (or for a demo, copy or sample) contact webmaster or visit www.uk-direct-loans.co.uk
According to Chancellor Gordon Brown the amount will help 3500 people to buy a home of their own for the first time. It will be done through a new shared equity scheme.
In fact, details of the shared equity scheme was announced in the Pre-Budget statement. In the announcement Mr. Brown declared that the buyers would have to pay only 75% of the price. The rest amount was to be paid by the government and the mortgage lender with whom they had taken out their loan.
But Mr. Brown’s latest announcement says that the buyers would have to manage as little as 25% of the property’s asking price.
For additional information on the news that is the subject of this press release (or for a demo, copy or sample) contact webmaster or visit www.uk-direct-loans.co.uk
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