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Over 1,000 homes sold through FirstBuy

The UK’s three biggest house builders have sold a total of 1,250 homes through the Government’s FirstBuy scheme in its first four months.

Persimmon, Taylor Wimpey and Barratt Homes have sold 600, 173 and 477 homes respectively through the scheme, which opened to buyers last September.

The Department of Communities & Local Government does not have a current figure for total sales to date.

The £250m scheme, which was announced in the Budget in March, is jointly funded by housebuilders and the Government and provides a low-interest loan of 20 per cent of the cost of the house. It is available to FTBs buying newbuild properties with a 5 per cent deposit and an income of less than £60,000.

London & Country associate director of communications David Hollingworth says: “As awareness grows, you would expect the take-up to improve. I have no expectation there will be any spare money left.”


ITV hit with £62m ‘financial support direction’ from The Pensions Regulator

The Pensions Regulator has ordered broadcasting giant ITV to provide support for the Box Clever pension scheme, which has a £62m deficit. Box Clever was a joint venture set up in 2000 as part of a merger of the Granada and Thorn TV businesses. In 2003, Box Clever went into administration. It was subsequently sold […]


Ex-IFA pleads guilty to 42 offences in £1m fraud case

A Derbyshire-based former IFA has pleaded guilty to 42 separate offences including fraud, deception and false accounting from which he made profits of more than £1m. The Grantham journal reports Malcolm Green of MG Financial and Insurance Services, 57, pleaded guilty at North East Derbyshire and Dales Magistrates Court to 19 counts of fraud by […]

An eventful year ahead for protection

Our advisers began voting for the Lifesearch Protection Awards earlier this month. They are voting on, among other things, which new protection initiatives have been the most significant over the past year Last year was rather eventful. We saw many product enhancements, product launches, new entrants to the market (British Friendly, innovative advertising campaigns (Unum […]


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