Chancellor Jeremy Hunt is working on plans for a 99% mortgage scheme for first-time buyers in next month’s Budget.
According to the Financial Times, buyers would need to put down a deposit of only 1% on their first home, with the government acting as a loan backer.
Lenders, however, have warned over the risk of buyers landing in negative equity.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
