Scheme Sees 20% Cut in Cost of Home

Evening Post (Bristol, UK) › July 23, 2011

Linked as:

Summary

FIRST-time home buyers in Bristol will soon be able to buy properties with just a five per cent deposit and a 75 per cent mortgage after a major house builder announced a new payment scheme for its developments. Under the Government's new FirstBuy scheme people can buy Bovis Homes properties in Filton, Brislington, Speedwell, Horfield and St George for just 80 per cent - with the Government's Homes and Communities Agency and Bovis Homes providing the remaining 20 per cent as an equity loan.

The scheme will be real boost for people who are trying to buy but are unable to raise a large deposit.

See the full content of this document

Extract

Scheme Sees 20% Cut in Cost of Home

First-time buyers can qualify if their household earnings are less t...

See the full content of this document