Post by @theanxiousinvestor

Andy Burnham’s new Your First Home scheme could allow first-time buyers to purchase a new-build with just a 2.5% deposit, backed by a 20% government equity loan. It sounds like good news for buyers. But after the announcement, Persimmon shares jumped nearly 15%, while Barratt Redrow and Taylor Wimpey both climbed by more than 11%. The concern is simple: helping buyers access more finance doesn’t solve the underlying shortage of affordable housing, and critics have warned that stimulating new-build demand could push prices higher and increase the risk of negative equity. So is Your First Home really fixing affordability, or just helping buyers borrow their way around it? #property #uk #labour #helptobuy #firsttimehomebuyer