Cable Forum - View Single Post - Coaliton's NewBuy housing scheme is a 95 per cent failure, official figures reveal.

Mr Angry · 07-12-2014, 12:03

"A coalition plan to get 100,000 people on to the property ladder by helping them buy new-build properties has actually helped just over 5,000 individuals, official figures have revealed.

The Government's NewBuy scheme, launched by George Osborne in his Autumn Statement three years ago, involves guaranteeing mortgages for first-time buyers who have a deposit as small as 5 per cent."

Independent

07-12-2014, 12:03	#1
Mr Angry Inactive Join Date: Jan 2006 Location: Belfast Posts: 4,785	Coaliton's NewBuy housing scheme is a 95 per cent failure, official figures reveal. "A coalition plan to get 100,000 people on to the property ladder by helping them buy new-build properties has actually helped just over 5,000 individuals, official figures have revealed. The Government's NewBuy scheme, launched by George Osborne in his Autumn Statement three years ago, involves guaranteeing mortgages for first-time buyers who have a deposit as small as 5 per cent." Independent