30 JUL 2018

Young people should get government loans to pay for first house deposit, new report suggests - The Independent

"Young people who are struggling to buy their first home should be given loans by the government for the deposit, a report said.

The Housing and Finance Institute (HFI) put forward initiatives to increase the number of homeowners by one million by 2035.

The organisation has suggested that the government cover the cost of a deposit and much like the student loan system, the money should be repaid as a proportion of the recipient's salary."

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