proposals for the property market should they win the election. The Labour Party’s proposals include...
The Conservative Party's Proposals for the Property Market
The Conservative party have outlined their proposals on the property market should they remain in power after the election. The Conservative Party’s proposals include...
Help to Buy ISA
In the Chancellor’s spring budget announced on 18 March 2015 the Chancellor introduced the new Help to Buy ISA as an expansion of their existing Help to Buy initiative, aimed at increasing the opportunities for first-time buyers, at the same time boosting the house building industry and which, according to the Government has so far supported 83,000 people in purchasing their first new home.
Rent to Buy Scheme
In September 2014, the Communities Secretary Eric Pickles announced a new Government scheme aimed at enabling people on low incomes to rent new homes with the opportunity to purchase them at the end of their tenancy.
Help to Buy Scheme
Our Conveyancers are very used to dealing with the intricacies of Government schemes to provide help to buy a house. The latest Government scheme offering help to buy a home is the ‘Help to Buy’ scheme whereby the Government will provide equity loans of 20% of the value of the Property.
Help to Buy: Equity Loans
The Government’s Help to Buy Scheme was introduced in two phases, the first in April 2013 and the second in January 2014 ( although applications for phase 2 were being accepted from October 2013).
Help to Buy: Mortgage Guarantee
The Government’s Help to Buy Scheme was introduced in two phases, the first in April 2013 and the second in January 2014 (although applications for phase 2 were being accepted from October 2013). The first phase, based on the provision of an equity loan, is only open to those people who were purchasing a newly built house up to a maximum value of £600,000.00. The second phase, based on a mortgage guarantee, is open to any person wishing to buy a house whether new build or other.
What is the Green Deal?
Launched on 28th January 2013 the Green Deal is a scheme designed to provide households with ‘low cost’ finance to pay for energy efficient improvements to their homes including loft and wall insulation, solar panels, replacement windows and so on.
Good News on the Green Deal
Launched with a rousing fanfare (in January 2013)– the Green Deal was part of the Governments solution to the rising fuel poverty amongst the population of the UK.