Scottish Widows launches research into shared equity schemes

www.moneynews.co.uk > Banking > Scottish Widows launches research into shared equity schemes

Scottish Widows launches research into shared equity schemes

Thu 17th Aug 2006

Leader of the opposition David Cameron announced today that first-time buyers would be the key focus for the Conservative party and that the current Homebuy scheme should be extended.

He also proposed reactivating the right-to-buy scheme that was introduced under Margaret Thatcher for council tenants.

Research by Scottish Widows shows that shared equity schemes are the preferred option by first-time buyers to ease them into the housing market.

Figures show that just over 30 per cent of people believe that being able to borrow three times their salary would help and almost 30 per cent fell that future earning potential should be taken into account.

Commenting on extending shared equity schemes, Murdo McHardy, head of product development and marketing at Scottish Widows Bank, said: "It is encouraging that the opposition is calling for shared equity schemes to be extended.

"Our own research reveals that shared equity is the preferred option to ease access to the housing market with 40 per cent of graduate first-time buyers claiming they would be interested in some form of shared equity scheme."

Related News : Banking
	Young people 'should be taught to save'
	Families 'should plan for their children's future
	Switching bank accounts 'not as easy as banks portray'
	Brits facing finance difficulties 'should talk to their bank'
	Brits 'should utilise Isa allowances'
	Brits advised on investment options
	Children 'should be given bank accounts at 16'
	Falling inflation 'could help Brits save'
	Money worries 'are mounting for many'
	Contactless payment 'is secure and convenient'