The Homes and Communities Agency has today (June 20) announced allocations for its FirstBuy scheme.
More than 100 housebuilders and housing associations have been successful in their bids. Under the scheme they will be jointly funding an equity loan of up to 20% with the HCA to help first time buyers unable to access the property ladder.
A total of £180 million has been allocated over the next two years to provide almost 10,500 new homes for sale in England. It is expected that the first new homes will be available for sale from September.
“We had an excellent response from our partners – including smaller local builders – and have been able to allocate funding that gives first time buyers the assistance they need,” said HCA’S chief executive Pat Ritchie.
Successful bidders include Persimmon, Taylor Wimpey, Crest Nicholson and Fairview New Homes.
Source: Housebuilder
See Also: Property News (0), Property Articles (0), Housebuilder (0), Firstbuy (0), Taylor Wimpey (0), Crest Nicholson (0), Fairview New Homes (0), Persimmon (0), Housing Associations (0)
Date Published: 20 June 2011
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