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first-time buyers
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- 1Burnham unveils equity loan scheme for first-time buyers▼Burnham announces equity loan scheme for first-time buyers in bid to boost housing market
Andy Burnham has announced an equity loan scheme aimed at helping first-time buyers get onto the property ladder and stimulating the housing market. The scheme would allow buyers to purchase a share of a home with the remainder covered by a loan, reducing upfront costs. Details on funding levels, eligibility criteria and launch dates have not yet been published, and the announcement is likely to attract scrutiny over affordability and regional impact.
- 2Senate bill would match first-time homebuyers' savings five-to-one●New Senate bill: first-time homebuyers who save up to $10,000 would get a 5-to-1 HUD match, capped at $50,000. Homes mus
A new Senate bill would give first-time homebuyers a five-to-one match from the Department of Housing and Urban Development on personal savings of up to $10,000, capped at $50,000. To qualify, the home would have to be priced at or below the area median, and only the buyer's own savings would count toward the match. The proposal is being shared as a potential boost for affordability.