Cash scheme boost for 30-some­things

Yorkshire Post - Property - - PROPERTY -

DE­SPITE ini­tial con­cerns about the Gov­ern­ment’s Help to Buy scheme for prop­er­ties worth up to £600,000, the av­er­age loan is about £150,000, ac­cord­ing to agents Wil­liam H Brown.

Data from par­ent com­pany Se­quence shows the sec­ond phase is ben­e­fit­ing those who need it most – younger buy­ers strug­gling to raise larger de­posits.

“Help to Buy has come un­der a lot of crit­i­cism be­cause it is avail­able on higher value prop­er­ties but in re­al­ity it is mainly first-time buy­ers pur­chas­ing rea­son­ably priced starter homes who are us­ing the scheme,” says area di­rec­tor Jo Whin­cup.

“Our fig­ures show buy­ers us­ing the Help to Buy mort­gage guar­an­tee scheme are pre­dom­i­nately in their early-30s.”

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