First steps for first-time buyers

Traditionally, social and affordable housing has been the preserve of those on social welfare or with very low incomes.

3rd June, 2006

Traditionally, social and affordable housing has been the preserve of those on social welfare or with very low incomes.

However, a scheme launched in 2002 has brought affordable housing into the mainstream property market and made it a real option for first-time buyers who are struggling to take that first step onto the property ladder.

The scheme, known as Part V, is quite different from traditional affordable housing schemes because it allows buyers to purchase houses...

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