With Help to Buy already helping over 108,000 buyers onto the property ladder since its inception in 2013, towns and villages across the country are beginning to emerge as brand new first time buyer hotspots. Buckton Fields, a new development just 5 miles north of Northampton city centre, has proven a popular option for those in search of better value outside of the capital, with first time buyers representing 70 per cent of the total purchasers.
first time buyers
Over 4,300 visitors braved the snow on Saturday 3rd of March to attend the tenth London Home Show.
Supported by the Mayor of London, the free exhibition saw 47 exhibitors all under one roof at the Queen Elizabeth II Centre in Westminster. Showcasing the best of affordable homes available across London, the Home Show welcomed a range of Shared Ownership and Help to Buy providers, as well as independent mortgage brokers and conveyancing solicitors.
Hosted by Share to Buy, the UK’s largest online portal for Shared Ownership properties, the bi-annual event is held each March and September and has welcomed nearly 45,000 visitors since its launch in 2013.
First time buyers are reaping the benefits of buying new homes in West Sussex, but many are unaware of the significant savings to be made on energy bills alone.
When asked in a poll conducted by five star housebuilder Barratt, 80 percent of people predicted up to £400 a year could be saved on heating bills, thanks to advanced technology in new-build homes.
In fact, the figure is closer to £1,312 on a four bedroom detached property, compared with an improved Victorian home of a similar size.
Eight out of ten first time buyers are set to pay no stamp duty at all after the chancellor outlined key changes in his Autumn Budget.
Philip Hammond’s announcement has been met with mixed responses from industry experts over his plans to axe stamp duty for first time buyers on properties up the value of £300,000. For properties up to the value of £500,000, no stamp duty will be paid on the first £300,000
Before the announcement, first-time buyers would be expected to fork out thousands of pounds in tax, but chancellor Philip Hammond has said the new initiative will see 95% of first time buyers seeing a significant reduction, with 80% paying nothing at all.
The Emporium Somerset’s Co-owner, Cato Cooper, has her own painted furniture and home accessories studio and workshop and she offers advice on how to upcycle and restore items, so first-time buyers don’t have to blow their budgets on furnishing their new homes.
She says: “Buying your first home can be a pretty big expense, so you’ll want to save money wherever possible. For many the cost of the purchase and the monthly payment of a mortgage make it tricky to buy furniture too, however if you aim to upcycle and restore, rather than buying brand new, you could save a fortune.
Popular housing developers are helping to keep residents of Keynsham on the move after donating a bus to the local area.
Barratt Developments, which has been bringing new homes to Keynsham at its Bilbie Green development, has gifted Keynsham Dial A Ride with a brand new bus worth £31,000.
The 17 seater vehicle will be used to help people who cannot use ordinary bus services to get around. While the bus isn’t exclusively for people who have disabilities, it’s frequently used by people who find it difficult to get around and is a lifeline for many elderly people to get to doctors’ appointments.
Buying your first home can be a daunting task to undertake. From working out where to buy, through to actually moving in, there is a lot to consider and not a decision that should be rushed.
So to help here are our 12 key pieces of advice when buying your first home:
1. Don’t be rushed into buying by a pushy estate agent. They will often arrange ‘open days’ where they will invite several prospective purchasers to view at the same time. This is designed to create emotional fear that someone else will make an offer before you do.
2. Set your limit and don’t go above it. There will always be another property in another street or another town that will suit you.
House hunters across the West Midlands are set to catch their first glimpse at a range of stylish new homes.
Lovell Homes is launching its new show homes at its popular Harvills Grange development tomorrow (25 March).
The spotlight will be on the popular Ringwood design home, a three-bedroom semi-detached house available on Help to Buy from £145,560.
This design boasts spacious interiors that are perfect for growing families, or a couple looking for a bit of extra space.
The ground-floor layout include a stylish living/dining room, with French doors opening out onto the garden. Meanwhile, the kitchen features an integrated fridge-freezer and slimline dishwasher, in addition to a Bosch stainless steel double oven and gas hob.
*Properties in WD are tipped to increase by 3.3% per year above local house price growth up to 2019
*West Drayton will see commute times virtually halved with a typical journey time of 56 minutes to Liverpool Street cut to just 31 minutes
*Properties priced from £219,995
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