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Budget 2011: Osborne confirms £250m FTB scheme

by: IFAonline
  • 23/03/2011
  • 0
Budget 2011: Osborne confirms £250m FTB scheme
George Osborne today announced a £250m package to help 10,000 first-time buyers get onto the property ladder in the Budget today.

The Firstbuy Direct scheme will help buyers struggling to get a deposit together, the opportunity to take up a five-year interest-free loan of up to 80% of the deposit, reported this morning suggested.

The scheme is set to fill the gap left by the withdrawal of the Labour government’s Homebuy Direct Scheme, which ended last autumn.

More to follow…

 

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