Mortgage: Millions missing out on £100s in free cash to help with payments – how to claim | Personal Finance | Finance

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This is on top of existing efforts such as the Help to Buy, Right to Buy and shared ownership schemes.

However, a new study from First Mortgage showed 44 percent of first-time buyers have either borrowed or been gifted money from their parents to be able to buy a house, while just 21 percent have used a Government scheme.

David McGrail, a compliance director at First Mortgage, commented on these results.

He was particularly critical of the Government, as he said: “What this research shows is what I have thought all along: the Government has not gone far enough in supporting first-time buyers.

“The stamp duty holiday, whilst welcomed by many looking to upsize, has not helped first-time buyers in getting on the property ladder.

READ MORE: Mortgage prisoners: Boris Johnson & Sajid Javid condemned





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