£10bn Budget boost:four in 10 new homes buyers are using Help to Buy to get on the property ladder

05/03/2018

Four in every 10 buyers of a new home are taking advantage of the government-backed Help-to-Buy scheme,

following reboot announced in last November's budget, report housebuilders.

 

The government-backed scheme covers homes valued up to £600,000 and allows buyers to purchase with a relatively low deposit of 5pc.

 

With the government providing an equity loan of 40pc, buyers need a mortgage of 55pc of purchase price, achievable for those with lower earnings.

 

Read more here:

https://www.homesandproperty.co.uk/property-news/four-in-10-new-homes-buyers-are-using-help-to-buy-to-get-on-the-property-ladder-a118226.html

 

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