However when property firms were asked whether they thought the policy would significantly help increase first time buyer sales over the coming months, the majority (66 per cent) told RICS that it would not. … [Read more...] about Government’s stamp duty cut for first time buyers ‘has failed to increase house sales’
Help for first time home buyers
If you want to buy a home worth more than £450,000 with your LISA, 20 per cent of what you withdraw is taken off You can only use a LISA for a property if you have NEVER owned a property before (including a share of a property that was inherited, or a home overseas) If you're a first-time buyer purchasing with someone else (a partner or friend, for example), they cannot have owned a property before If you're using the money for a new home it is paid directly to a solicitor, not to you If you reach the age of 40 on or before 6 April 2018 you won't be eligible for a LISA If you're using the money for retirement you can only access it on your 60th birthday. By contrast, you can access money in a private pension from the age of 55. … [Read more...] about What are Help to Buy and shared ownership and are there other government schemes to help you buy your first home?
"With such deals being pulled so quickly, it really adds to the pressure for first-time buyers trying to get a mortgage. They must be organised and prepared to move quickly. … [Read more...] about Banks launch flash sales for ‘first-time buyer’ mortgages as they become as ‘rare as Glastonbury tickets’
Mr Thomas said: “We believe that, if the desire is for there to be more volume in terms of housing completions, then it would be very beneficial for the scheme to be extended beyond 2021. We would expect that Government will make a decision about that during the current year. We’re obviously keen that a decision is made as soon as possible.” … [Read more...] about Barratt expects Help to Buy extension as it hails ‘healthy’ order book
Starter Home Initiative - A Government scheme that will see 200,000 new-build homes in England sold to first-time buyers with a 20% discount by 2020. To receive updates on the progress of these homes you can register your interest on the Starter Homes website. … [Read more...] about I joined a peer to peer savings scheme to help buy £335k two-bed first home