The housing trade bodies have given their response to the key announcements outlined by the Chancellor George Osborne in the Budget today.
FirstBuy Direct Scheme Intermediary Mortgage Lenders Association (IMLA): “The government must see FirstBuy Direct as one of a number of mechanisms to help the mortgage and housing market because it will have little impact in isolation. “We would like to see this scheme used hand-in-hand with other initiatives, such as a review of the Stamp Duty threshold.” The British Property Federation (BPF): "This package broadly makes sense, because it targets home deposits, and is about as much as the government could realistically do in current circumstances. "We would like to have a seen...
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