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First-time buyers to benefit from Shared Equity Scheme

Tue, 22 Jul 2014

Fantastic news for both first time buyers and the taxpayer - that's the opinion of an MHK after a new Shared Equity Scheme was approved.

Tynwald last week approved the new system which will replace the current grant and top-up loan assistance which is available under the existing scheme.

Alf Cannan, who is a member for housing, says it will make obtaining a mortgage more viable and result in a greater return to government over time.

He says everyone is set to benefit:

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Media

• Alf Cannan MHK