Fig­ures show that 3.4 mil­lion young adults are now liv­ing at home, a fig­ure that has been grad­u­ally in­creas­ing year on year. The sit­u­a­tion is com­pounded for some by stag­nant wages, pre­car­i­ous em­ploy­ment, un­paid in­tern­ships and stu­dent debt.

So what is on of­fer to help with the cost of hous­ing? The Gov­ern­ment’s Help to Buy Scheme, sched­uled to run un­til 2023, is a great help. It re­quires buy­ers to raise a de­posit of just 5% and is cur­rently avail­able on new homes up to a max­i­mum pur­chase price of £600,000.

An­other scheme to help buy­ers, par­tic­u­larly first-timers, is buy­ing a new home on a shared eq­uity ba­sis. This means that buy­ers fully own their homes by tak­ing out a mort­gage typ­i­cally cov­er­ing 75% of the prop­erty value and then later have the op­por­tu­nity to buy the re­main­ing 25% eq­uity share, on which no rent is charged.

The ad­van­tage of this is that un­like shared own­er­ship schemes, no fees or in­ter­est are payable, and nei­ther is there a re­pay­ment dead­line as there is with Help to Buy, af­ter which in­ter­est is charged.

As a com­pany we are cur­rently of­fer­ing this op­por­tu­nity at our devel­op­ments at Saxon Green in Ashill and The Sig­nals in Wat­ton – and soon at Church Meadow in Sproughton.

For ex­am­ple, at Saxon Green, there is a par­tic­u­larly good deal for buy­ers who can pur­chase a two bed­room apart­ment for just £112,500. Call 01284 766057 or visit ben­

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