20% loan for all first-time buyers

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20% loan for all first-time buyers

Additional Information

All first-time buyers need help with deposits.
From gov.uk "By extending support to existing homeowners, the scheme will remove a bottleneck in the market where people want to move, but may be struggling to raise a large enough deposit to purchase their next property.”
The “bottleneck” is not caused by the inability of the person wishing to move to their second-rung property, but the first-time buyer not being able to raise the deposit needed.

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