The Government-backed Help to Buy scheme has helped over 270,000 new home buyers since it was introduced in 2013. However, from 1st April this year, the scheme is changing. Emma Cotterill, regional sales and marketing director for Kier Living Western, explains what local buyers need to know.
Help to Buy was introduced to help new home purchasers with deposit funds. Initially open to anyone buying a new home up to the value of £600,000, it enabled purchasers to buy with just a 5% deposit and a 75 % mortgage. The remaining 20% of the purchase price was covered by an equity loan from...
Barratt Developments' new west regional director has welcomed the government's announcement of an extension to the Help to Buy Scheme , which helped more than 5000 households in the South West buy a new home in the year to March 2020.
The scheme enables people to buy a brand-new home with a 5% deposit on a property up to a value of £600,000 and a 5-year interest-free government loan for up to 20% allowing buyers to take out a 75% mortgage.
The deadline for the homes to be finished in order to qualify for the loan scheme has been extended from December 2020 to the end of...
Who: Redrow Homes West Country Where: Potters Lea, Exeter Road, Kingsteignton, Devon, TQ12 3PJ When: Saturday 3 November, 11am – 4pm Event detail: Redrow Homes is welcoming visitors to its Potters Lea development in Kingsteignton, Devon, on Saturday 3rd November for a first-time buyer event.
Prospective first-time homebuyers will be able to view the stunning three- and four-bedroom properties currently available at both the Moorland Reach and Potters Lea developments and will have the opportunity to learn about the Help to Buy scheme and buying a home for the first time.
Figures just released for the first full five years of Help to Buy in Exeter have revealed that almost 650 homebuyers have used the government scheme to buy their new home.
The figures show that 649 people in the city have taken advantage of the scheme since it was launched in April 2013.
Sara Parker, sales director for Barratt Exeter, said the first five years of Help to Buy have had a huge impact on the property market.
She said: “There’s no doubt that Help to Buy has proved extremely valuable particularly for first time buyers who are now living at a number of...
First time buyers in Exeter will likely be celebrating as the Chancellor has scrapped stamp duty taxes for first timers on properties up to the value of £300,000 in the Autumn Budget.
Those buying properties up to the value of £500,000 will also benefit from the tax break on the first £300,000 of their purchase. This will save those buying their first home thousands of pounds and means that 80 per cent of first time buyers will now not face any stamp duty charges at all.
Local housebuilder Barratt Homes welcomes the stamp duty break and is encouraging local first time...
Help to Buy, the government’s flagship housing scheme, has helped 88,420 people buy a new home (9,045 in the South West) since it was created, new figures have revealed today.
Since the launch of the Help to Buy equity loan and mortgage guarantee schemes:
• 80% of scheme completions have been made by first-time buyers • the average house price has been £185,000, significantly below the national average • Over 80,000 people have bought a home through the scheme • 94% of Help to Buy completions take place outside of London • Over half of Help to Buy completions have been for...
Independent developer C G Fry & Son Ltd. is holding an open weekend to assist ‘Help to Buy’ purchasers on the final six homes available at its Hillcrest development, located in the desirable St. John’s Road in the popular sea-side town of Exmouth.
The event is being held from 10 am – 4 pm on the weekend of 21st and 22nd February.
Visitors on Saturday will have the chance to talk to professionals, including local solicitors, mortgage and financial advisers and estate agents. These industry experts will be on hand to offer the best advice on how the ‘Help to Buy’ scheme...
158 newly-built homes in Exeter and East Devon have been bought using equity loans from the government’s ‘Help to Buy’ scheme according to new figures released today. The 'Help to Buy' equity loan scheme, which was launched in April last year, enables people to buy a newly-built home with a deposit of at least 5% of the property price, while the government offers a loan of up to 20%. The shortfall is then covered by a mortgage. Across the South West over 1,700 homes have been bought using the equity loan scheme with 28,000 across the whole of England.. Housing Minister Kris Hopkins has...
Husband and wife Anthony and Katey Pimblett celebrate the birth of their baby daughter Lauren at their new home purchased under the ‘Help to Buy’ scheme at Fern Green based in Langport. The Somerset development built by award-winning independent builders C G Fry & Son has to-date sold five of its 30 private houses under this scheme.
The *‘Help to Buy’ Equity Loan scheme helps first time buyers and those looking to move up the property ladder to purchase a new-build home. The government-backed initiative was set up to help new and existing home owners to purchase a property...
