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More help for first time buyers to understand the property market.
George Osborne has announced a scheme which will help approximately 10,000 first time buyers get on the property ladder. The Government’s Firstbuy initiative will provide equity loans, jointly funded with house-builders, to help buyers raise the deposit to purchase a new-build property. But with an estimated 1.4 million households wanting to buy their first home* more help is needed. Says Property Expert Phil Spencer ‘Raising a deposit is the major hurdle for first time buyers so any initiative that helps them must be welcomed as good news. However, it would have been great to have seen it go further and help more people.’
Phil has written a new book designed to help first time buyers. The new book entitled How to Buy Your First Home, offers advice to all potential first time buyers and breaks this daunting process down into simple and achievable steps.
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