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 amount Catherine has saved for her first home?

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What percentage deposit do borrowers need to raise to buy a home under the scheme?

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What is the maximum value of homes that can be purchased under the scheme mentioned?

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What concerns do critics have regarding the home buying scheme?

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

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