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Basingstoke & Deane Borough Council, GB lowers barriers to home ownership with Own Home Loan program
Basingstoke & Deane Borough Council, GB Own Home Loan
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Borough officials approved £580,000 for the Own Home Loan fund with the goal of helping up to 20 new homeowners. The program offers loans of up to 20% of the purchase price or £30,000 for home purchases. The first five years of council loans are interest-free to further reduce costs for participants. Eligible buyers are first-time homeowners earning up to £50,000 per year who can complete down payments of at least 5%.
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