Government shared equity scheme to help homebuyers

Proposals in the green paper include a Government equity loan, which will enable struggling first time buyers to purchase 17.5% of a property, incentives for councils to find land suitable for development, and incentives for developers to meet agreed housing targets, according to national newspaper reports. The Government is expected to set a target for 25,000 shared equity and shared ownership homes to be founded by the Housing Corporation. The Government has also set tough targets for local authorities to find suitable land for development for up to five years in future, with funding he...