The government must do more to allow first-time buyers to have access to the UK mortgage market, it has been claimed.
According to the campaign group PricedOut.org.uk, if the government is serious about supporting people to realise the aspiration of homeownership, they must level the playing field in favour of first-time buyers.
Katy John, press officer at the campaign group, added that many young people have "lost hope" of ever securing their own property .
"The government could start by ending the tax breaks enjoyed by property investors, which first-time buyers and owner occupiers cannot compete with," she commented.
"Additionally, they could increase taxation on second and multiple homeownership."
This follows claims made recently by Paula John, editor of Your Mortgage, that the reduction in funding for the Mortgage Rescue Scheme is "incredibly bad timing".
She explained that the announcement is "not one of comfort" to the many homeowners who have been affected by the recession.
Government urged to help first-time buyers
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Government urged to help first-time buyers
Mon, 26 Jul 2010
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