This petition will be presented to the Government at an opportune moment to try and get some action for FTBs.
Please sign up and be counted!
The Government has a number of schemes on the go for first time buyers – more shared ownership options, low cost housing, using infill land etc – but eligibility is typically narrow, availability low and the impact very small. In our view at FirstRungNow, their attitude to stamp duty is poor and we'd like to see change - they could do alot more to help! Influence housing policy - get stamp duty abolished for first time buyers - forever!
Tick the boxes you agree with.
Interest rates are low but could rise? Is this a good time to buy?
Yes No
Varialbe rate mortgages go up if bank interest rates do. Which is your preference?
Fixed Rate Variable rate
Interest only mortgages are cheaper but in the end you don't end up owning the property. Which is better?
Interest Only Repayment
House prices are waivering. Do you think this is a good time to buy?
Shared equity mortgages allow you to buy a new home with 5% deposit and an equity loan through FirstBuy. What do you think?
Too complicated Too expensive Too risky
Rent to buy allows you to peg a property price, save towards a deposit and pay reduced rent. What do you think?
Works best in a rising market Too complicated Good option