MHK: home purchase support 'inadequate'

First time buyer help 'not enough' - Hooper

First-time buyer schemes in the Isle of Man have been branded inadequate by a Ramsey MHK.

Lawrie Hooper made the point during a motion from Infrastructure Minister Ray Harmer in Tynwald this week.

This amended the Shared Equity Purchase Assistance (First Home Fixed) Scheme, increasing income eligibility criteria by £5,000 for each class of household, up to a maximum household income of £50,000 for a family with children.

Mr Hooper said what was on offer was not good enough: