PM gives support to first time buyers in Draft Legislation

Measures to help FTBs include a £200m fund which will re-allocate money to purchase unsold new homes and then rent them to social tenants or make them available on a shared ownership basis. There will be £100m for shared equity schemes to allow more first time buyers to purchase newly built homes on the open market and for the first time, an offer of shared equity housing open to applications from all first-time buyers, subject to a household income limit. Mr Brown said the government would also look at whether further action is required in light of the study by the Office of Fair Tradi...