First Homes- Who and Where will the scheme help the most?
Offering first-time buyers over the age of 18 in England the chance of home ownership with discounts of 30-50 per cent of market value, the Government’s First Homes programme is a successor to Help to Buy.
If buying as a couple, neither partner can previously have owned a home. It must be either a new home built by a developer or a home you buy from someone else who originally bought it as part of the scheme.
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As 2024 comes to a close, many homeowners and first-time buyers are looking for ways to secure the best mortgage deal before the new year. With fluctuating interest rates and shifting market conditions, it’s crucial to act strategically to lock in a favourable rate.
Here’s how you can make the most of the current market to secure a great deal before 2025:
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It is vastly misunderstood what an Independent Financial Adviser does. People are always surprised when I say the vast majority of my job is being a financial therapist to people. Helping people understand why they have made those money decisions in the past and how that might impact their future.
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Following Labour’s win in the July 2024 election, whether you are a prospective buyer, renter or landlord, everyone is eager to understand the implications for the housing market.
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It’s safe to say that there is a fair amount of confusion currently surrounding the mortgage market. Rates have been on the rise as inflation soars, but what does this mean for you?
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A government scheme aimed at helping first time buyers get on to the property ladder has been extended for 2021.
The Help to Buy scheme has been running since 2013, with the aim of helping those unable to afford a deposit for a property. This is done by offering a Government supported equity loan to cover the majority of the deposit.
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The government’s Help to Buy equity loan scheme has been running since 2013 and has assisted over 270,000 people step onto the property ladder.
From 16 December 2020 however, first-time buyers can start applying for the governments new Help to Buy equity loan scheme.
Read moreWith the UK State pension being very low, one of the worst in the developed world at approximately 29% of average earned income*, many have and still do look to property investment and rental income as a supplement to this.
*source https://www.ftadviser.com/pensions/2018/02/13/uk-state-pension-worst-in-the-developed-world/
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