Questions asked of Governments new housing scheme

The video discusses a scheme for first-time home buyers, allowing them to purchase homes with a 5% deposit and borrow an additional 20% interest-free for five years. The scheme is available for homes up to £600,000 and is not income-dependent. While the property market has improved, critics argue the scheme could lead to a housing bubble. Political debates highlight concerns about subsidies for second homes, but the government insists the scheme is for family homes only.

What is the initial deposit percentage required by the housing scheme?

• 15%

• 5%

• 10%

• 20%

How long is the interest-free period for the additional 20% borrowing under the scheme?

• Ten years

• Seven years

• Five years

• Three years

What is a key reason for the British people's interest in buying homes?

• To increase rental income

• To fulfill a deep-seated desire for homeownership

• To avoid paying taxes

• To invest in commercial properties

What is a potential risk associated with the housing scheme according to critics?

• It will make mortgages more expensive

• It may lead to a decrease in property prices

• It will increase the number of rental properties

• It could cause a short-term price bubble

What does the government claim about the purpose of the housing scheme?

• It is designed for second homes

• It is intended for family homes

• It is meant to increase rental properties

• It is for commercial real estate