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Making Sense Of Help To Buy Schemes For First Time Buyers

Simon Pook, Head of Residential Property

– Confused over Help to Buy schemes? This article details the different deals that have been launched in recent years. If you are still confused, contact the Residential Property team for advice.

The latest deal designed to get more would-be first-time buyers into their own homes got the green light this week, with the Government promising that thousands of properties will be built on brownfield sites during 2017.

With cash from the Government’s £1.2bn Starter Homes Land Fund, which supports the development of starter homes on sites across England only, every home will be available strictly for current renters aged 23-40 and, crucially, offering a minimum 20 per cent discount on market values. The first wave of homes will be built under partnerships with 30 local authorities including Blackpool, Gloucester, Northumberland, Bristol, Plymouth, Manchester and Luton.

But as one big plan to solve the first-time buyer problem launches, so another closes…

Read more: http://ind.pn/2hOxROf

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