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First Time Buyers Receive Housing Discount in Jersey

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Posted by Eve Kelly at 16:25 on 23 Sep 2008
Category: 
News & Updates

With news about the housing slump and first time buyers being unable to get a mortgage, it’s good to hear about some sensible steps to try and help jump start the depressed housing market. 

A scheme in Jersey has been devised to help first-time buyers get on the property ladder.  Islanders who meet the strict criteria will be given 35% off the asking price under a shared equity scheme. 

The socalled ‘Jersey Homebuy’ is only open to residentially-qualified first time buyers earning a taxable income of between £40,000 and £60,000 a year.  Those wanting to buy three-b

Mortgages are getting cheaper, but are they really?

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Posted by Jonathan Peace at 08:32 on 27 Aug 2008
Category: 
News & Updates

From 11th August 2008 on ProblemSolved, front page news in Metro today.

A report on the BBC website today, suggested that mortgages are getting cheaper as providers attempt to inject some life back in to the listless housing market. The report stated that "the average rate charged by lenders on a new two-year deal, for someone with a 25% deposit, was 6.36%.