Government Support on Housing Market
2015-04-21
Help to Buy is a series of Government schemes to help homebuyers acquire homes. Assistance is provided through either an equity loan or a mortgage guarantee.
The first 10 months of the Help to Buy Equity Loan scheme saw 14,823 new properties bought through the scheme, mostly first time buyers. This means that 1 in 5 (19%) of all private dwellings built in England are being sold through the scheme, according to Countrywide�s Quarterly Market Review.
Help to Buy has encouraged a wave of fresh entries into the property market by people who previously struggled to buy homes. The housing market of UK is certainly to move forward under the strong support of the government.
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