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Tue 08 Aug 2008Call for State equity loan to help first-time buyers
A GOVERNMENT equity loan scheme of up to 30 per cent of the price of a new home should be introduced for qualified first-time buyers, the Affordable Homes Partnership (AHP) has said.
It said that the credit situation for first-time buyers had dramatically worsened in the last eight weeks, with some banks and building societies demanding 20 per cent of the purchase price of new homes as a deposit.
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