If you are dreaming of a brand new home – either as a first time buyer or an existing property owner – 2018 could be your year, through Help to Buy.
Official figures have shown that over 350,000 people across the UK have now used the Government’s Help to Buy schemes; including more than 300,000 first time buyers.
The first phase of H2B was introduced in April 2013, offering customers the chance to reserve their new home with a minimum five per cent deposit.
Figures from the Ministry of Housing, Communities and Local Government (MHCL) reveal that first time buyers have also embraced the Help to Buy Isa with more than 1.1 million now opened which offer Government top up bonuses of up to £3,000 for saving towards a home deposit. The scheme was introduced in December 2015, with the North West, Yorkshire and Humber among the most popular areas taken up the incentive.
Help to Buy is one of the most popular incentives chosen by home hunters looking to move to one of Linden Homes East Yorkshire’s development across the region.
Here’s how it works: customers require a minimum five per cent deposit. The government will lend you up to 20 per cent of the value of your property through an equity loan, which can be repaid at any time, or on the sale of your home. Buyers will only need to secure up to a 75 per cent mortgage from a bank or building society. The maximum home purchase is £600,000.
Linden Homes East Yorkshire sales director Steve Woomble said: “Supporting first time buyers as they take their step on the property ladder is very important to us. The uptake in existing homeowners and families also using Help to Buy means that we are able to assist those from all walks of life – individuals, couples and families – in finding their dream home. This is, and continues to be, a real driver for our business.
“We believe that getting the blend of house types on our developments right in parallel to our reputation for quality and neighbourhood development are contributing factors to these findings.”
For further press information please contact Cetti Long at Media Matters on 01733 371363 or email firstname.lastname@example.org
31 January 2018
All images are used for illustrative purposes only and are representative only. They may not be the same as the actual home you purchase and the specification may differ. Images may be of a slightly different model of home and may include optional upgrades and extras which involve additional cost. Individual features such as windows, brick, carpets, paint and other material colours may vary and also the specification of fittings may vary. Any furnishings and furniture are not included in any sale. Please check with our sales representatives for details of the exact specifications available at the development(s) for each type of home and the associated prices.