Government help needed for first time property buyers

Many young people in the UK are unable to fulfil their dream of owning a house because they have a tough time finding lenders to provide the mortgage.

Support from the government could be one way out. According to Helen Adams, managing director of FirstRungNow.com, the government should launch schemes such as Open Market HomeBuy and MyChoice HomeBuy to help first time home buyers enter the property market. The government had recently scrapped these schemes and has not launched any to replace them.

In a recent survey conducted by Council of Mortgage Lenders, 76% of people said that they would like to own their dream home within two years of time. With government help they may be able to realize their dreams sooner.

Masthaven is a competitive and quick way to meet your short term loan needs.

Related posts:

1. Mortgage Rescue Scheme latest victim of Government spending cuts
2. Mortgage lending to decrease as banks pay back state support
3. Investors not given financial advice when they needed it the most
4. UK property market opening up for first time buyers
5. Government must assign top priority to affordable housing options

This entry was posted on Monday, September 27th, 2010 at 5:49 pm and is filed under Bridging Finance, Bridging lenders . You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.