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HBF Briefing - Budget 2013: Shared Equity Scheme

Date: 21/03/13

Budget 2013: Shared Equity Scheme

The Government has said the new shared equity scheme for new homes, to replace FirstBuy, will be launched from April. Members interested in the scheme will want to know how they can get involved.

Existing FirstBuy home builders will be contacted directly by the HCA. The HCA will also be putting a special Proforma on its web site in the next few days so other home builders can register their interest. Once registered, the HCA will be able to keep home builders notified of progress.

The Government is anxious for the new scheme to be available to as many home builders as possible. HBF is already working with he HCA to assist with the introduction of the new scheme. Because FirstBuy is already up and running, the new scheme should be reasonably straight forward to set up, though the April launch is a very demanding deadline. We will continue to keep HBF members updated on new developments with the scheme, along with other schemes announced in the Budget.

John Stewart
Director of Economic Affairs