Gov?t 'determined to help rural first-time buyers'

12-Aug-2009

The government is "determined" to help first-time buyers in rural areas buy accommodation, it has been reported.

Housing minister Ian Austin made this comment after plans to guarantee a number of affordable housing for those looking to get onto the first rung of the property ladder were unveiled explained the Press Association.

In order to keep homes on a part-rent, part-buy basis in the social sector, these types of accommodation will be protected, the news provider added.

Mr Austin explained new measures will safeguard affordable rural homes and boost the volume of accommodation available. This may mean those with a small deposit saved up can look into the options available to them by talking to an independent mortgage adviser.

"We simply can't afford to lose shared ownership homes in areas where they are difficult to replace which is why these new provisions on ownership are so important," concluded the housing minister.

As well as joint ownership, people looking to secure a first-time buyer mortgage might want to see seek parental help in getting together enough money for a deposit.

FirstRungNow.com - how to buy a house, from finding your first flat or first house, first time buyer mortgages, shared ownership, buying with friends, gifted deposit, part buy part rent - all a first time buyer could possibly need.

Property market recovery 'will be slow'
First-time buyers 'should talk to mortgage advisors'
'More confidence' in housing market over next few months

2013: Jun | May | Apr | Mar | Feb | Jan

2012: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2011: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2010: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2009: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2008: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2007: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2006: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan

2005: Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar