First time buyers and their ability to get onto the property ladder is, according to Cicero, going to be a major issue in the forthcoming election.
Labour has already implemented its major policies however, with the increase in the Stamp Duty threshold. In addition, the Government is currently holding discussions with the Council of Mortgage Lenders with a view to getting private lenders to provide a percentage of the equity loan in order to help key workers, those on low incomes and first time buyers to purchase their property in stages. The Conservatives appear to be sticking to the tried and tested policy of right to buy, claiming they will extend the policy further to cover those renting from housing associations. They say the...
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