Summary
HERE is a tale of two governments and how they respond to the plight of first-time home-buyers faced with the difficult task of breaking into today's housing market.
Because of skyrocketing house prices and the barrier of ever- rising cash deposits, the age at which people can first afford to buy a property is shooting up. The average age of first-time buyers in Scotland is now 37, while in England it is 34. There has been a markedly different response to this crisis on either side of the Border.See the full content of this document
Extract
Leader: Help for First-Time Buyers
Yesterday, in England, the Deputy Prime Minister, John Prescott, announced a five-year plan to help first-time buyers on to the property ladder. One key element is to assist 300,000 council and housing-association tenants in England to buy a ...
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