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First time buyers dominate the market thanks to Help to Buy

New data has shown that first time buyers are currently dominating the UK’s property market and are taking full advantage of Help to Buy loans. 

Mortgage Solutions has reported that a total of 91,759 properties were bought with the help of the Help to Buy: Equity Loan scheme, with 81% of sales coming from first time buyers. 

However, it must be noted that earlier this month, the government announced that the Help to Buy: Mortgage Guarantee Scheme is closing at the end of the year as the Bank of England now believes the mortgage market is self-sustaining. 

At Inspired, we focus on helping first time buyers, which is why we created our model of purchasing developments in ideal locations and then converting them into beautiful studios and apartments. 

We spend months researching what first time buyers really way, and so far, we’ve proven to be pretty good at it. 

All of our developments benefit from superb transport links, designer fittings and award-winning living spaces which include sky gardens, business lounges and cinema rooms. We’ve also won countless awards for being one of the UK’s best property development companies to focus on this unique area of the market. 

In addition, it’s therefore surprising that we sell these London homes with a starting price of £235,000. 

To find out more and to take advantage of Help to Buy in 2016, please contact our team on 0208 688 6552 

 

 

 

 

Disclaimer
Help to Buy is available on new build homes up to £600,000 subject to the Government ‘Help to Buy’ terms and conditions and only available to customers where a primary mortgage is secured. Not available on second, additional homes, buy-to-let or let-to-buy properties. The equity loan is interest free for the first five years, after five years, an annual fee of 1.75% of the outstanding equity loan is charged. This is increased annually by RPI plus 1%. Subject to status, terms and conditions.”
*Prices correct at time of press. Help to Buy is subject to eligibility. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. If you are in any doubt, seek independent financial advice. These figures are based on the respective asking prices with a mortgage term of 30 years and a typical 1.99% interest rate. Exclusive of service charge and ground rents. Always seek the advice of a mortgage specialist.

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