SALES NEWS :- Thousands of first time buyers given a boost with Help To Buy
It’s difficult for first time buyers to get on the ladder but new government figures show a lot of young purchasers now benefit from Help To Buy. This scheme gives a 20% loan to eligible buyers of new homes, so long as they save a 5% deposit. The figures show:
- 14,867 Help To Buy loans were taken out in England in the past three months;
- a huge 183,947 have been taken out since the scheme’s start in 2013;
- more than four out of five loads are to first time buyers.
First time buyers getting back in the market again means good news for all of us as they buy the smaller homes allowing existing owners to step further up the ladder. These are vital components of a healthy housing market as we look ahead to 2019.