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Help for first-time buyers. The NewBuy Scheme.

Help for first-time buyers. The NewBuy Scheme. - 13/03/2013

Help for first-time buyers - 'The NewBuy Scheme'

The NewBuy scheme has been operating since March 2012, enabling buyers to purchase a newly built property with a fraction of the deposit which they would normally require. For further information, visit this page.

Launched in October 2011, FirstBuy provides a valuable alternative to the ‘bank of mum and dad’ – by offering loans, from government and developers, towards that much-needed deposit. There have been nearly 7,000 sales since the scheme’s launch – for further information, visit this page.

Right to Buy is another government scheme, aimed at helping aspiring home-owners to get a foothold on the property ladder. New figures released by the government reveal a surge in the numbers taking up the right to buy their council home. The scheme was relaunched last year, offering eligible tenants discounts of up to £75,000 on the value of their home – three times the level of previous discounts, in some areas.

Today’s data shows that Right to Buy sales doubled, from 1,041 (between July and September last year) to 2,010 (between October and December of that year). Anyone interested in buying their home should contact their council or visit here.

 

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Would you like help or advice? Contact Iain Mason:01793 538198 | iain.mason@hoffmanbriggs.co.uk