UK government to cut the cost of new homesChristian Fernsby ▼ | February 7, 2020
A new generation of homeowners will be able to take their first step on to the housing ladder thanks to a scheme cutting the cost of some new homes by a third, Housing Secretary Robert Jenrick has announced today).
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Topics: Home UK
The scheme will lower deposit and mortgage requirements for local first time buyers in England shaking up the housing market and making the dream of home ownership a reality. The discount will apply to a proportion of new homes, with the government consulting on how this will be delivered.
Veterans will be prioritised as part of Armed Forces Covenant and councils will also be able to use the scheme for front-line workers in their area such as police, nurses, prison officers and teachers. ■