Opportunity to find out more about scheme
LOCAL estate agency Connells in Mutley Plain is holding a dedicated Help to Buy fortnight until October 26.
It is designed to help and advise buyers looking to use the scheme.
Following the success of its Help to Buy week back in June, Connells expects to see even more interest from new-homes buyers at its upcoming event – especially with the broad range of developments it is currently offering with the scheme.
Help to Buy enables buyers to purchase a new build property worth up to £600,000 with a five-year, interest-free Government loan for up to 20 per cent of the value of the property.
This means buyers may need only a 5 per cent deposit to purchase a brand new home.
It also means they can potentially afford a larger property which will fulfil their needs for a longer time period rather than having to upsize again a few years down the line.
"I would urge buyers to get in touch during our Help to Buy fortnight to discuss whether they can benefit from the scheme," says Branch Partner Russell Brighton.
"We have seen a phenomenal level of interest in using Help to Buy to purchase a new home since it was launched.
"In light of the recent announcement of a new Help to Buy scheme available for all properties, we expect to see even more interest in larger new-build homes as first-time buyers use the second part of the scheme to free up second- and third-time home movers who have been trying to upsize," Russell continues.
There are now two schemes available, including Help to Buy equity loans for new homes and Help to Buy mortgage guarantee which is available on all properties.
"The latest announcement by the Government was three months earlier than expected and is fantastic news for buyers, who can use it to make a purchase, and sellers, who will benefit from the influx of buyers we expect to see and can even use Help to Buy themselves on their onward purchase," Russell continues.
"During our Help to Buy fortnight we are hoping to speak to as many people as possible about how they could use Help to Buy."
If you are interested in purchasing a new or second-hand property using Help to Buy, or would like to sell your home as part of Connells Help to Buy fortnight, contact the branch on 01752 664357.