27,000 families set to benefit from scheme to help first time buyers

Housing Minister Mark Prisk has said that the multi-million pound FirstBuy scheme could help up to 27,000 families.

It helps by reducing the amount of deposit buyers have to find.

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New first-time buyers scheme

A new scheme to help first-time buyers get on the housing ladder is being launched. ITV's Tonight programme has been told Britain's housing market is facing a "perfect storm" with potential buyers and sellers left in limbo and prices flat lining