6 Sep

Government launches two-pronged plan for property

Government launches two-pronged plan for property

The UK government is launching a new double plan to help boost the property market and make it vibrant and active yet again.

New plans from prime minister David Cameron come just a day after he announced changes to his cabinet in a high-profile reshuffle.

Under the changes, it is hoped that building will be boosted by giving homeowners the chance to build extensions and make other changes without having to go through time consuming and costly planning processes.

In addition to this, the government will try to help an additional 16,500 first-time buyers get onto the property ladder with an extension to its FirstBuy scheme.

Under this new measure, those who are headed to an estate agents without a deposit will be assisted in getting a foot on the ladder with a 20 per cent equity loan from the government.

The prime minister said: "This government means business in delivering plans to help people, build new homes and kick-start the economy. We are determined to cut through the bureaucracy that holds us back."ADNFCR-1222-ID-801444073-ADNFCR

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