A lot has changed in a year since the pandemic first brought the UK property market to a virtual standstill. Viewings went virtual, people left cities and demand for larger homes exploded.
The old Help to Buy equity loan scheme expired last month, replaced by a similar government scheme that launched at the start of April. This new and enhanced version of H2B is restricted to first-time buyers and includes regional property price caps to ensure ‘it helps those who need it most’.
As a result of discussions between the Home Builders Federation and government agency, Homes England, the deadline for the existing Help to Buy scheme will now be extended by a month to the end of March.
The latest version of the help-to-buy equity loan scheme opened on Wednesday, with first-time buyers now the only people allowed to apply for government assistance to get on to the housing ladder.
Accord Mortgages has announced that it is launching a new range of Help to Buy products, further increasing its support to first-time buyers.
Homes England has announced that the new Help to Buy: Equity Loan scheme will launch next month, with first-time-buyers able to apply from December 16th.
Buying a property is never straight forward and even seasoned property professionals will run into an unexpected hurdle at some point. For first-time buyers, especially in the current climate, the property buying process can be utterly baffling.
The latest research and data from Zoopla reveals for the first time where in England the most Help to Buy loans have been secured since the scheme’s launch in 2013.
The Custom and Self Build homes sector has the potential to help the Government reach its targets of creating 300,000 new homes per year in England by the middle of the 2020s, it is suggested.
First time buyers in England buying a new home using the Government’s Help to Buy Equity Loan scheme are paying on average 10% more than those buying new homes without it, a new study has found.
Nervous property investors have slashed spending on central London offices by nearly £3 billion in the run-up to Brexit, new data showed on Monday.
The Government’s flagship Help to Buy scheme is not making homes more affordable in general or helping address other pressing problems in the housing sector, according to a new report.
Whitehall figures show over 5,500 households with annual income of £80,000 got loans
More than half of those using the scheme could already afford a home.
Almost two-thirds of homebuyers who used the government's Help to Buy scheme could have bought a home without it, an official report has said.
A thousand homes sales a week, or 143 per day, were completed in 2018 with the Government’s flagship Help to Buy scheme, the latest official figures show.
Latest official government figures show that a third of all new home purchases are funded via the government's equity loan version of the scheme.
The difference in the price paid by first time buyers for new build homes with Help to Buy, compared to the price paid by those buying new homes without the scheme has increased.
Research reveals that the number homes available for sale through the scheme has collapsed by 64% over past 14 months.
The Government’s flagship Help to Buy scheme has become too popular, leading to a danger that developers have inflated prices to such an extent that buyers could find themselves with negative equity in their property, it is claimed.
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