Help to Buy has taken a hit as Lloyd's Banking Group has severely restricted the amount that people can borrow from them through the scheme. People will now only be able to borrow £150,000 from Lloyd's Bank and the Halifax whereas previously, [...]
The Help to Buy scheme is not slowing down according to new figures, and is therefore not likely to stop anytime soon. June reportedly saw the sale of the highest number of homes per month since the scheme became available 15 months [...]
Despite working, a quarter of 20 to 34 year olds (1.97 million people) are still living with their parents, according to homeless charity Shelter. In 48% of cases, this is down to a simple lack of affordable housing, the charity has found. [...]
The Department for Communities and Local Government have clarified that Right to Buy properties do not need to be financed by the individual who would become the owner. Legal ownership can, however, only go to the people who have been renting the [...]
It will become increasingly difficult to access the Help to Buy scheme in Scotland as funds run low. All the funds for central Scotland have been allocated, meaning that any first time buyers wanting to buy a house here will not be [...]
A brick shortage in Scotland could be due to the Help to Buy scheme prompting a growth in home building, but the success isn't trickling down into the supply sector of the market. House building orders have apparently soared, which would disprove [...]
It has been claimed that Help to Buy is a copied version of a scheme originally designed and implemented in Warrington by the local council, in order to get the young local people into the property market. It is a scheme that [...]
According to the house building company Taylor Wimpey, the Help to Buy scheme is driving up sales of homes. Reports say that 42 percent of Taylor Wimpey's sales this year, up until June 29th, were involved with the Help to Buy Equity [...]
55% of home buyers who are using the Help to Buy scheme have been found to come from the private rented sector, according to some recent research from Countrywide. The scheme was targeted at first time buyers, people who are currently renting [...]
New YouGov figures indicate that a lot of first time buyers don't fully understand the Help to Buy scheme. Seven out of ten people who bought a new home in the past two years said that they were aware of the Help [...]