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A government backed scheme called HomeBuy Direct set up to help first time buyers on to the property ladder is proving successful in Northgate and Blackley, Manchester. The scheme provides buyers with an interest free equity loan, up to 30 per cent [...]

Government-backed HomeBuy schemes are very important in helping first-time buyers get onto the property ladder, according to an industry expert. Helen Adams, managing director at housing advisor First Rung Now, said such initiatives provide first-time buyers with "one of the few opportunities" [...]