Claims extracted
19
sentences that state something as happening or true
Uncertain
0%
0 of 19 hedged
("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
65/100
Evening Standard's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
7
Politics
Same framing elsewhere
1
articles that frame the event the way this one does
The Your First Home initiative was unveiled at the weekend and will give first-time buyers the chance to buy a new-build property with a 2.5% deposit, with the Government stepping in to lend them an extra 20% towards the cost.
asserted
Government → unveil → cost
People will be able to access equity loans with an initial interest-free period.
asserted
People → access → period
Developers will also be expected to make a contribution when signing up to the scheme, to help cover costs.
asserted
Developers → expect → costs
London-listed builders enjoyed steep share gains on Monday morning when trading opened after the plans were unveiled, with Barratt Redrow leading the FTSE 100 Index higher with a 12% share gain.
In the FTSE 250 Index, Charles Church builder Persimmon saw shares jump 15%, while Bellway and Taylor Wimpey were both 12% higher and Vistry gained 10%.
Neil Wilson, UK investor strategist at Saxo, said: “It’s a big shot in the arm for housebuilders as much as first-time buyers, coming as the industry is severely pressured by surging mortgage rates and inflation.
asserted
industry → list → rates
“Juicing demand provides the incentive to get building, though we should note the plan includes price caps so only more modest homes can be bought.
asserted
homes → provide → caps
Richard Hunter, head of markets at interactive investor, said: “The housebuilding sector has been beleaguered by a raft of headwinds ranging from higher mortgage rates and strained affordability to a slow planning process for new homes.”
asserted
sector → say → homes
James Nightingall, founder of property search service HomeFinder AI, said: “The new-build sector was in dire need of an initiative that gets the market moving again.”
asserted
market → say → initiative
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Richard Donnell, executive director at Zoopla, said: “A new, targeted equity loan would increase the buying power of first-time buyers, but the greatest impact on housing delivery will come if it is accompanied by more homes being built at the price points and in the sizes first-time buyers are looking for.
“
asserted
buyers → read → sizes
The detailed price caps announced at the Budget will therefore be important in determining how much additional demand the scheme can unlock.”
asserted
scheme → announce → demand
Paul Turner, chief executive of new-build home warranty and insurance provider the National House Building Council (NHBC), described the new equity loan scheme as “a welcome boost for the industry”.
asserted
Turner → describe → industry
He said: “There is no one single solution to the housing challenge.
asserted
He → say → challenge
Supply must also be addressed through accelerated planning reform and the easing of unnecessary regulatory burdens.
asserted
Supply → address → burdens
“What’s more, it’s vital to keep focus on maintaining quality in the construction of new homes.”
asserted
it → ’ → homes
Nicholas Mendes, mortgage technical manager at John Charcol, said: “Your First Home is positive news for first-time buyers.
asserted
Home → say → buyers
“The deposit remains the single biggest barrier to getting onto the ladder and bringing it down to 2.5% will make a real difference to those who can afford the monthly repayments but have struggled to save while paying rent.”
asserted
who → remain → rent
He said: “Buyers will need to go in with their eyes open.
“
asserted
Buyers → say → eyes
The scheme is limited to new builds, which often come with a premium over comparable existing homes, and the equity loan will ultimately need to be repaid, so buyers need to be clear on the terms before committing.”
asserted
buyers → limit → terms
Mr Mendes also highlighted other low or no-deposit options currently available for people looking to get on the property ladder, such as Skipton Building Society’s track-record mortgage and Accord’s £5,000 deposit mortgage.
asserted
Mendes → highlight → mortgage
He said: “The right route will depend on the buyer’s circumstances and the type of property they want, which is where speaking to a broker can make a real difference.”
asserted
speaking → say → difference
The Aporia
