Questions asked of Governments new housing scheme

Questions asked of Governments new housing scheme

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Business

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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.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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