The Government created Help to Buy scheme was created to assist everyday people in taking the steps to buying their next home. Whether getting on to the housing ladder or move up it, Help to Buy provides the ability to buy a new-build or existing home priced with as little as a 5% deposit.
Launched in two parts (the equity loan and mortgage guarantee schemes), so far Help to Buy has (Data provided by Gov.UK):
- 82% of scheme completions have been made by first-time buyers
- the average house price was £187,800, significantly below the national average
- more than 48,000 people have bought a home through the scheme
- 94% of Help to Buy completions took place outside of London
Bannister Preston Solicitors LLP have been providing friendly, professional legal advice from our commercial and residential conveyancing department for over 100 years and aim to make the whole process as straight forward as possible. For more advice on Help to Buy transactions contact us today.