In September there is a new first-time buyer programme. Is it any good?
In September there is a new first-time buyer programme. Is it any good?
Depends on where you sit on government handouts days before an election. Essentially our government will give first time buyers 5% on used and 10% on new home purchases (or more) up front and claws it (and more) back when you sell at a profit. (Yes, it will take a share of any profit.) However, it will also – percentage-wise – participate in any losses of its share. Details are just emerging … will talk more after I see them.
