Helping hand for the property ladder with the government’s Help to Buy Scheme
The government has created the following Help to Buy schemes; including Help to Buy ISA for first-time buyers, Help to Buy: Shared Ownership, London Help to Buy and Help to Buy: Equity Loan to help those in need to assist with the first steps towards your investment. For every £200 a month saved, the government adds £50, up to a maximum of £3,000, boosting your ISA savings.
Cautious buyers/sellers – the house market’s New Normal
While less are buying properties ( 86,630 in July – a 12% decrease compared to last year), prices have steadily increased in value by the shortest margin, according to recent reports from one of the UK’s biggest lenders. The Halifax, part of Lloyds Banking Group, said that prices rose by 0.1% in June to August, compared with the previous three months. Brexit remains a curious subject and the public know little of the outcome, doubts will remain – even if the UK doesn’t. Will the property sector drastically change when Britain does leave the EU? Whether you’re a first time buyer, looking to swap homes or own multiple properties as a landlord, transactions will always take place. You just have to decide whether you can afford the mortgage payments consistently.