State looks at loans for middle-income first-time buyers

The government is considering measures to help first-time home buyers through the provision of state-backed, equity-bridging loans.

20th September, 2008

The government is considering measures to help first-time home buyers through the provision of state-backed, equity-bridging loans.

The measure, which is being discussed ahead of next month’s budget along with other options, would be aimed at middle-income earners who are having difficulty bridging an equity gap of 10 to 20 per cent to obtain a mortgage.

There would probably be a salary threshold on eligibility for such loans, and the structure for their provision could...

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