A scheme from the homes and community agency(HCA) paths the way for families to find their way into the property market.
This isn’t the first time HCA, supported by the government, has invested a large sum of money to improve housing in the UK, in 2014 £20 million was used to increase the amount of homes built per year from 300 to 500, this also created 500 new construction jobs around the country.
The Boscombe development allows for affordable housing through the first time buyers shared ownership scheme.
The price for the scheme is set to cost £1.9 million, funded through the sales of the properties as well as the Bournemouth Council, but local family man Lewis Tissard says “It will all be worth it.”
The 43-year-old whose lived in Bournemouth since the age of 23 gave information about how he feels the government could help the younger generation get onto the property market: “I just wish there was a national scheme where government backs mortgages for first time buyers, these mortgages could consider whether the rent was paid on time rather than the persons income.”
The change to support the next generation by the government could be exactly what’s needed.
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