Beckett unveils £400m FTB scheme

More than 130 developers have agreed to offer the HomeBuy Direct scheme, which the Government claims will help up to 18,000 first-time buyers to purchase a home at sites across England aided by an equity loan, part-funded by the Government and the developer. The equity loan, which will be free of charge for five years, can be used as a deposit and can cover up to 30% of the purchase price. As with other HomeBuy schemes, any first-time buyers whose household income is under £60,000 who cannot otherwise afford to buy will be able to apply. The Government also claimed the scheme will support t...