HomeBuy scheme falters as MyChoice cash runs out

York, Nicola
June 2009
Money Marketing;6/25/2009, p7
The article reports on the drop of homes purchased under the HomeBuy initiatives in Great Britain in March and April 2009. It notes that the downslide is attributed to the to the low funding for the MyChoice HomeBuy scheme. It states that Mychoice HomeBuy is a shared equity scheme that permits borrowers to use a mortgage from the open market. It mentions that the number of homes purchased plummeted by 83% from 4,833 in March to 423 in April.


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