HouseBuilder - Budget boosts housebuilding

Posted on March 20, 2013 by "Chirpy Chippy" There have been 0 comments

Chancellor George Osborne has announced new initiatives to boost the housing m

New Homes, Budget boost for Housing, Market, Futurism

Budget Boost for Housing

arket in today's Budget .

The new Help to Buy scheme will work in two ways.
From April all buyers of new homes up to £600,000 will benefit from £3.5 billion of capital spending to support shared equity loans of 20% of the value of the new homes, with the buyer raising a 5% deposit.
And, from January 2014 for three years, buyers of new and second hand homes will be able to buy with a low deposit backed by a new government mortgage guarantee scheme supported by £130 billion of funds.
The chancellor described Help to Buy as a "dramatic intervention" in the housing market.
The chancellor also said the government would be investing in providing 15,000 new affordable homes as well as a five-fold increase in the Build to Rent fund.


This post was posted in Uncategorized and was tagged with Budget, Housebuilding, New Homes House buyers deposits, market, New Buy

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