Budget 2011: Shared equity for first-time buyers

A NEW shared equity scheme for first-time buyers was announced by Chancellor George Osborne today as well as measures to make the planning system more efficient.

Some 10,000 first-time buyers will be eligible for the First Buy scheme, however, the £250m Government pledge to the scheme will only last for one year, the Budget documents reveal.

This would be funded by the levy on banks, Mr Osborne said, who also announced steps to improve the planning system.

These included the promise of a "presumption" in favour o... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...