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Finance options 'getting narrower' for first-time buyers
Relatively few finance options are available to first-time buyers at the moment, an expert has suggested, in a development which may interest those seeking homeowner loans.
According to FirstRungNow.com managing director Helen Adams, recent years have seen such people's options become narrower.
As a result, she has highlighted the useful role that the HomeBuy Direct scheme may have played in supporting first-time home purchasers.
Ms Adams commented: "I think that the HomeBuy Direct scheme is doing something to help first-time buyers who want to buy a new home because it has enabled them to buy it on a shared equity basis."
Despite the potentially expensive nature of initiatives which offer help to first-time buyers in the UK, the expert feels that ministers should look to extend them further if they have the available funds in place to do this.
The Home Builders Federation has also recently emphasised the value of the country's HomeBuy Direct scheme.