Save for a HomeBuy deposit
The Save for a HomeBuy Deposit scheme is a policy proposal from CIH. The scheme is designed to promote financial inclusion and sustainability of ownership amongst lower income groups. It also helps to achieve a greater degree of parity between groups of social housing tenants that currently have different home purchase rights. The scheme has particular relevance during the credit crunch as it provides an option for aspirational owners who wish to defer purchase until the market is more stable. It should also help promote more responsible and rational behaviour amongst aspiring owners once confidence in the market returns.