Nottinghamshire: Financial boost for first-time buyers

By The Newsroom
Published 22nd Aug 2013, 15:36 BST
File photo dated 12/10/10 of a general view of for sale signs as mortgage lenders have reported their strongest month in almost five years, in further evidence that the housing market is bursting back into life. PRESS ASSOCIATION Photo. Issue date: Tuesday August 20, 2013. An estimated £16.6 billion worth of mortgages were advanced to borrowers in July, marking the highest total seen since October 2008, the Council of Mortgage Lenders (CML) said. See PA story ECONOMY lending. Photo credit should read: Rebekah Downes/PA WireFile photo dated 12/10/10 of a general view of for sale signs as mortgage lenders have reported their strongest month in almost five years, in further evidence that the housing market is bursting back into life. PRESS ASSOCIATION Photo. Issue date: Tuesday August 20, 2013. An estimated £16.6 billion worth of mortgages were advanced to borrowers in July, marking the highest total seen since October 2008, the Council of Mortgage Lenders (CML) said. See PA story ECONOMY lending. Photo credit should read: Rebekah Downes/PA Wire
File photo dated 12/10/10 of a general view of for sale signs as mortgage lenders have reported their strongest month in almost five years, in further evidence that the housing market is bursting back into life. PRESS ASSOCIATION Photo. Issue date: Tuesday August 20, 2013. An estimated £16.6 billion worth of mortgages were advanced to borrowers in July, marking the highest total seen since October 2008, the Council of Mortgage Lenders (CML) said. See PA story ECONOMY lending. Photo credit should read: Rebekah Downes/PA Wire
First-time buyers in Nottinghamshire have been given a £1.7m helping hand onto the housing ladder since the launch of a County Council-backed mortgage support scheme six months ago.

A total of 90 mortgages are either being progressed or have been completed since the council launched the Local Lend a Hand scheme, in partnership with Lloyds TSB in back in February.

The scheme is open to first-time buyers purchasing a property in Nottinghamshire costing up to £150,000.

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