Commenting on the announcement by the Chancellor in the budget today (Wednesday) that the Government has earmarked £250 million from the bank levy to help around 10,000 first-time buyers, with incomes of up to £60,000, buy a new-build property, Midlands TUC Regional Secretary Cheryl Pidgeon said: “The number of first-time buyers fell by 13 per cent in the past year, according to the Council of Mortgage Lenders. “Although today’s announcement is welcome, it will not be enough to deal with the dearth of affordable mortgages.
“The government should also put pressure on the banks to increase the amount of finance earmarked for those who are struggling to buy their first home.”
“The government should also put pressure on the banks to increase the amount of finance earmarked for those who are struggling to buy their first home.”
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