The first Help to Buy deals are now coming to an end

The first Help to Buy deals are now coming to an end

The Help to Buy scheme was rolled out in April 2013 and recently made headlines (albeit not necessarily front-page ones) by being rolled out to March 2023.  While it may be a matter of debate whether the Help to Buy scheme is a useful scheme to help those struggling with house purchases or just a backdoor hand-out to home builders which simply works to keep house prices artificially high, it is a matter of fact that the interest-free loan only lasts for five years, after which the government charges interest of 1.75% on the original loan amount, increasing each year by RPI plus 1%. This means that from now until (currently) 2028, a percentage of home owners who have bought their homes using the Help to Buy equity loan scheme will be seeing their payments increase.

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The challenges of stepping up

The challenges of stepping up

Getting on the housing ladder is all very well, but if you start off your time as a home owner by purchasing a small property then you may well find yourself in a similar situation to first-time buyers if you later decide you wish to move to a larger home, for example in order to start a family.  

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Economic Review – November 2018

Economic Review – November 2018

Welcome to the latest edition of the Economic Review, this article is designed to keep you informed about general updates in the financial sector.

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Property Market Review & Residential Property Review – November 2018

Property Market Review & Residential Property Review – November 2018

Welcome to the latest edition of the Property Market Review & Residential Property Review, these articles are designed to keep you informed about general updates in the housing market.

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