Reallymoving: First-time buyers helped by shared ownership expansion

First-time buyers have been “thrown a lifeline” from the shared ownership expansion unveiled by the UK Government according to reallymoving, a service providing instant quotes for home moving services.

From April 2021, the minimum share for those purchasing homes through shared ownership will be reduced by more than half, from 25% to 10% in hopes to make the scheme more accessible.To continue with this story please click here

Source: Property Wire

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The percentage of first-time buyers’ household income going on mortgage payments

What this really shows is not house prices, but pressure. Affordability is about monthly cost, which varies across the UK. In London and the South, first-time buyers can spend over half their income on housing, while elsewhere it is far lower. To learn more please read on..

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