House hunters in Devon keen to buy their next new home are increasingly looking to Help to Buy as the range of mortgage options offered by lenders shrinks.
With fewer high loan to value deals available, house buyers are facing the difficult prospect of raising larger deposits in order to have their mortgages approved.
Sara Parker, Sales Director at Bloor Homes South...
Figures just released for the first full five years of Help to Buy in Plymouth have revealed that more than 1,000 homebuyers have used the government scheme to buy their new home.
The figures show that 1,023 people in the area have taken advantage of the scheme since it was launched in April 2013.
Sara Parker, sales director for Barratt Homes, said the first five years of Help...
First time buyers in Plymouth 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...
Part of the government’s Help to Buy scheme is ending this December. However, Barratt Homes in Plymouth is advising customers that the most popular part of the Help to Buy (HTB) scheme is definitely not ending. People can still buy a new home with just a 5% deposit, and this is set to continue until 2021.
There are two main elements to Help to Buy: i) the mortgage guarantee scheme, and...
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...
The Government says that more than 2,000 people have put in offers on homes under the Help to Buy scheme, totalling £365 million of new mortgage lending.
The applications are backed by a ‘decision in principle’ by RBS and Lloyds, the first two participating banks, for 95 per cent mortgages. Ten of the 2,384 applications have already completed.
House prices in the South West rose by an average of 2.6% in the year to August 2013 according to figures released by the Office for National Statistics (ONS).
The average price of a house or flat in the region now stands at £230,000.
The 2.6% rise is lower than the overall UK figure of 3.8% and the 4.1% for England which are both skewed by a considerable rise in London of 8.7...
The Conservative Party will bring forward the second phase of Help to Buy, a scheme which makes it easier for home buyers to obtain a mortgage.
As their annual conference opens in Manchester, the Conservatives have announced their intention to accelerate the scheme which was due to start in January.
The second phase of Help to Buy will allow people in England to obtain 95%...
C G Fry & Son Ltd., based near Dorchester, launched its new ‘Grey’s Field’ development, Chickerell with a preview weekend at Easter. The release of the first phase of 12 plots was a resounding success for the award-winning independent developer, with three homes reserved by first time buyers using the ‘Help to Buy’ scheme.
The *‘Help to Buy’ Equity Loan scheme (*see Notes to Editor...
Husband and wife, Warren and Gemma Wilkins, are expecting a new arrival at their C G Fry & Son home, purchased under the ‘Help to Buy’ (HTB) scheme at Tregunnel Hill in Newquay, Cornwall. The couple who already have two children, Sebastian aged eight, and Oscar four, are expecting their third child imminently.
Warren Wilkins said: “When Gemma and I first moved into our new C G Fry...
