To raise the 20% deposit, could a scheme to allow Gross salary be invested into a bond for the purpose of securing a family home be a solution? If used for any other purpose it would be hit with full tax similar to how Pension AVCs are managed. Although it would mostly benefit higher earners, correspondingly they would be targeting more expensive properties too on average.
Perhaps with a Government top-up after a fixed term/balance target like the good old SSIA had?
I doubt the Government would give up the tax though.
Perhaps with a Government top-up after a fixed term/balance target like the good old SSIA had?
I doubt the Government would give up the tax though.