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In fact, first time buyers have so far made up 83% of those using Help to Buy - undisputed evidence that the 5% deposit is the ticket to first time home ownership.
At Countryside we firmly believe that the beauty of Help to Buy is that it enables people to buy a home far sooner than they thought possible, because they don’t need to save a whopping 20% down payment.
Take first time buyer, Gemma Dewhurst, who recently used Help to Buy to purchase a brand new three-bedroom home at our popular NGV Liverpool development.
Gemma explains: “I previously rented and always thought that at 25 I would be too young to buy my own home. With Help to Buy you only need a 5% deposit, making it much more achievable to save. I got a lot of guidance with my mortgage application, making it possible to go from first viewing to moving day in just six weeks.”
So as the Government hoped, it’s clear that Help to Buy has created growth in the property industry, increased the number of new homes being built, but most importantly, it’s enabled people to achieve their home buying aspirations sooner than they’d hoped. With analysts predicting that house prices across much of the country are set to increase in 2015, our advice is don’t put off tomorrow what we can help you do today!
By Peter Vella, Regional Sales & Marketing Director
Here you’ll find property related blog articles from the team at Countryside as well as independent experts. Expect regular tips and advice on topics such as buying a new home, interior and landscape design, setting up home, mortgages and finance, plus articles on architecture, the property market, regeneration and more.