🇬🇧 Andy Burnham
Housebuilder shares rocket after Burnham revives Help to Buy
What happened
Andy Burnham has announced a revival of the Help to Buy programme, which will offer first-time buyers a 20% equity loan towards a deposit of 2.5%. The programme aims to help young people who cannot rely on the "bank of mum and dad". The equity loan will have an initial interest-free period.
Why it matters
The revival of the Help to Buy scheme may have implications for the housing market and first-time buyers. The programme's impact on the market and its effectiveness in achieving its goals remain to be seen. The scheme's specifics, such as the interest rate and repayment terms, are not specified.
Key facts
- The programme offers a 20% equity loan towards a deposit of 2.5%.
- The loan is intended for first-time buyers who cannot rely on the "bank of mum and dad".
- The equity loan will have an initial interest-free period.
Publisher evidence used
Reporting attributed to cityam.com. WorldLeadersNews links readers to the publisher and does not present a headline-only item as a full article analysis.
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