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Property Ladder: First buy welcome

The government's recently announced First Buy scheme has had a warm welcome from first-time buyers, according to a new report.

Rightmove polled over 3,000 would-be first-time buyers and found that two in five said that they were more likely to buy a new build property since the announcement was made.

And nearly half of this group indicated that they were 'much more likely' to buy.

The First Buy scheme was unveiled earlier this year in March and allows first-time buyers to buy a new house using just a five per cent deposit.

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