Shared equity for first-time buy­ers

Yorkshire Post - Property - - PROPERTY -

EV­ERY one of Keep­moat Homes’ York­shire de­vel­op­ments that bid for Homes and Com­mu­ni­ties Agency (HCA) First­Buy sta­tus has been granted fund­ing.

A to­tal of £720,000 will be made avail­able and that fig­ure will be matched by the de­vel­oper to pro­vide £1.44m for shared equity loans to first time buy­ers on nine sites.

This will en­sure that at least 66 pur­chasers will be able to take ad­van­tage of an equity loan of up to 20 per cent of the value of the prop­erty, equally funded by the HCA and Keep­moat Homes. No fees or in­ter­est are charged on this loan for five years, un­less the prop­erty is sold.

For more in­for­ma­tion on the shared equity scheme visit www. keep­moath­omes.co.uk.

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