Help to Buy scheme
In the Budget, the Government unveiled further measures (Help to Buy) to assist people looking to buy a new home. ‘Help to buy’ comes in two parts. This first part, available from April 1 2013, is an extension of the FirstBuy equity loan scheme. It is open to anyone wishing to buy a new home – not just first time buyers and means you can buy with a 5% deposit. More information can be found at www.helptobuy.org.uk
The second part is a scheme for the whole housing market to assist people buy with a 5% deposit. This come in to force January 2014.
People wishing to find out which scheme to assist them buy a new home is best for them are advised to contact their local house builder who can explain what is available in more detail.
A list of house builders can be found on the Housebuilder offering newbuy page