Homebuy schemes need greater publicity, expert says

15-Jan-2009

The government needs to improve consumer awareness of home buy schemes which can help first-time buyers (FTBs) secure their first property, an expert has said.

Helen Adams, managing director of FirstRungNow.com, which provides assistance for FTBs looking to buy their first home, commented that the broad message of government home buy schemes needs to be put across more.

Currently, FTBs only discover the full level of detail when they speak to their local HomeBuy Agent, she commented.

The government's latest HomeBuy Direct programme is a shared equity scheme, which has lined up £400 million to help 18,000 FTBs get on to the property ladder.

Ms Adams said: "It could be popular. The problem with the home buy schemes is that they are not very widely publicised, and then they are complicated as well."

An expansion of the scheme has been proposed by the government if there is sufficient demand from FTBs.

FirstRungNow.com - how to buy a house, from finding your first flat or first house, first time buyer mortgages, shared ownership, buying with friends, gifted deposit, part buy part rent - all a first time buyer could possibly need.

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