More money for first time house buyers
From the Guardian Budget 2009: More cash for first-time buyers’ cut-price mortgages:
More first-time buyers will be helped on to the property ladder by the government-backed shared ownership scheme HomeBuy Direct, after the chancellor said he was allocating it an extra £80m.
They must mean property-snake, surely? It’s clear that the UK government has moral qualms with encouraging young people to buy into a housing market that is still crashing. Although I might be overestimating their intelligence. If you hear how often they say they want to get mortgage lending back to 2007 levels it’s clear that they still don’t understand that this whole economic mess was created by the levels of lending going on over the past 7 years.
If your from the US you should make sure you do research into how the housing market is in your area as proces may have bottomed out where you live. In that case you can start doing research into the best mortgages and home loans. Remember, there can be a huge difference in say the home loans you can get in Los Angeles or say Baltimore home loans. Some areas have much cheaper housing while others still have far to fall.