New £140K Earnings Cap Proposed for Government-Backed First-Time Buyer Loan Scheme
The UK government has introduced a new earnings limit of up to £140,000 for applicants of the Your First Home scheme in England. This initiative provides government-backed loans aimed at helping first-time buyers purchase new-build properties, addressing housing affordability challenges while ensuring targeted financial support for middle-income households striving to get onto the property ladder.
Source: BBC Business