Competition on increase for first-time buyers by Finance News Bulletin

Published: 23/05/07

English Partnerships, the administration's national regeneration agency, plans to help first-time buyers to find a mortgage The organization has launched a competition in a bid to add to the number of affordable mortgages for unparalleled buyersPrivate developers have been invited to produce means to increase the figure of affordable mortgages for the English Partnership's first-time buyers schemearistocratic the first-time buyers initiative, the scheme aims has a aim of 15,000 properties across England by 2010, which it hopes will increase the number of borrowers able to find a mortgage

An first budget of up to £100 million in the next two years has been earmarked for the project, which aims to viaduct the hole between price and what first-time buyers can afford to payEnglish partnerships will independently assess each proposal, with developments with less mortgage affordability, aiming to "provide high-quality quality homes for unparalleled buyers"Recent research from Nationwide indicates that as mortgage rates are increasing in the UK, many potential unparalleled buyers are turning to rental properties as they are not capable to find a mortgageToday's Most Popular Results Mortgage Enquiry Form require existence Insurance

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