More than a million people have opened a Help to Buy ISA, the government savings account designed to enable first time buyers to get on the property ladder. The scheme was launched on 1 December 2015 to provide potential buyers with the opportunity to save up to £200 a month with the government topping up
The government has announced plans to clampdown on unfair practices involving leasehold homes. The measures include a ban on new build houses being sold as leaseholds as well as restricting ground rents to as low as zero. Leaseholds generally apply to flats with shared spaces, but increasingly, developers have been selling houses on these terms.
The government has reiterated its commitment to helping more people own their home. Alok Sharma, Housing and Planning Minister, said: “As set out in our Housing White Paper, we’re committed to helping those aspiring home buyers currently locked out of the market to turn their home ownership dreams into reality.” The confirmation came as the
The Queen’s Speech announcing the government’s plans for the coming two years was dominated with Brexit as was widely expected. Eight of the 27 new bills were related in some way to our future relationship with the European Union and the rest of the world. The impact on business will largely depend on the outcome
The government has reiterated its commitment to helping more people own their home. Alok Sharma, Housing and Planning Minister, said: “As set out in our Housing White Paper, we’re committed to helping those aspiring home buyers currently locked out of the market to turn their home ownership dreams into reality.” The confirmation came as the
House prices in the UK rose by 4.1% in the year to March, taking the average property value to £215,847. However, the monthly figure between February and March dropped by 0.6%. The number of sales has remained stable for the last three months, but in the year to January there was a substantial fall in
Nearly 260,000 people have bought their home using Help to buy schemes and more than 870,000 have opened a Help to Buy ISA. The latest figures issued by the government show that: over 259,000 completions have taken place using one or more of the Help to Buy schemes, most of these are first-time buyers more
The government has announced new measures to speed up the development of derelict and unused land for new homes. Housing and Planning Minister Gavin Barwell said local authorities across the country will have to produce and maintain up-to-date, publicly available registers of brownfield sites. The new registers will help housebuilders identify sites quickly, helping to
The thought of trying to get on the property ladder as a first-time buyer can be daunting, particularly with the ever-increasing house prices, paying rent or saving for a deposit. This coupled with the acceleration of residential property prices over the last couple of years has made it increasingly harder for first-time buyers to get
Wide-ranging proposals to streamline the process of buying and selling homes have been put forward by the Conveyancing Association (CA). The ideas have been published in a strategic plan entitled, Building the Framework for the Future. It follows on from the CA’s White Paper, Modernising the Home Moving Process, published last year. The proposed measures