deposits

Government have announced a tax-payer backed 5% deposit mortgage for first-time buyers

How much could Generation Buy save first-time buyers?

While the finer details are yet to be revealed around last week’s Government announcement of a tax-payer backed 5% deposit mortgage for first-time buyers, research by estate agent comparison site, GetAgent.co.uk , has revealed that it could save the average first-time homebuyer (FTB) as much as £17,981.

Currently, FTBs are forced to get on the ladder with larger deposits due to a...