Government's Help to Buy scheme isn't just for first time buyers, it's open to all

Southend Standard: Perry Rose Perry Rose

MORE awareness of a Government scheme for home buyers would further boost the property market, according to an estate agent.

Perry Rose, of leading Essex estate agents Haart, believes there is a common misconception the Help to Buy scheme is only for first-time buyers.

But he adds the local property market will continue to thrive, regardless of any Government intervention.

Nationally, 87 per cent of those who have used the scheme have been first-time buyers.

Mr Rose said: “I think Help to Buy is often misunderstood. It is not only for first-time buyers. It is there to support other buyers as well and I think that needs to get out there, as I think it would have a bit of an impact on the market. There are lots of people registering to buy properties, but with the second-time movers there is often a bit of a gap.

“I don’t think people realise it is open to them.”

Last week, statistics released by Nationwide showed house prices in the UKhad jumped 11 per cent in the last year.

The figures led to fears of potential problems in the housing market due to unsustainable rises, but Mr Rose believes Essex is unaffected by the issue.

He said: “I feel the market is fairly strong. I think people buy with heads and hearts now. If the money is too high, then mortgage companies are not lending, but if properties are at the right price there are plenty of buyers.”

Comments (4)

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8:08pm Thu 12 Jun 14

GrumpyofLeigh says...

Yeah like the market needs a "further boost". Twit. Capital gains tax on residential property might be a better idea.
Yeah like the market needs a "further boost". Twit. Capital gains tax on residential property might be a better idea. GrumpyofLeigh
  • Score: 2

10:22pm Thu 12 Jun 14

emcee says...

More estate agent spin with "everything is OK". Of course it is... for the estate agents. The only people to benefit from a bouyant housing market, with high house prices, are estate agents and those downsizing. For everyone else it is a false economy. Only lower house prices (maybe through a housing price bubble burst) will help first time buyers (or those wishing to upsize), anything else just adds to this artificial infaltion of house prices. It may be case of supply and demand but this demand is artificailly created by estate agents and the Government, with help to buy schemes.
How about offering tenants help to rent. Paying the deposit and the first months rent (as well as building hundreds of thousands of new social housing properties) will be of more benefit than helping those who can afford a mortgage in the first place.
Why is the Governemnt so set on making sure people can buy their home rather than making sure the citizens of this country are able to find a place to live in the first place?
More estate agent spin with "everything is OK". Of course it is... for the estate agents. The only people to benefit from a bouyant housing market, with high house prices, are estate agents and those downsizing. For everyone else it is a false economy. Only lower house prices (maybe through a housing price bubble burst) will help first time buyers (or those wishing to upsize), anything else just adds to this artificial infaltion of house prices. It may be case of supply and demand but this demand is artificailly created by estate agents and the Government, with help to buy schemes. How about offering tenants help to rent. Paying the deposit and the first months rent (as well as building hundreds of thousands of new social housing properties) will be of more benefit than helping those who can afford a mortgage in the first place. Why is the Governemnt so set on making sure people can buy their home rather than making sure the citizens of this country are able to find a place to live in the first place? emcee
  • Score: 5

4:24am Fri 13 Jun 14

Eastwoodian says...

now there's a face you could trust . . . .
now there's a face you could trust . . . . Eastwoodian
  • Score: 1

7:03am Fri 13 Jun 14

whateverhappened says...

GET RID OF STAMP DUTY, all it does is provide to big a jump in price between 250k and then to around 270k,,and i'm a seller who feels sorry for my buyer
GET RID OF STAMP DUTY, all it does is provide to big a jump in price between 250k and then to around 270k,,and i'm a seller who feels sorry for my buyer whateverhappened
  • Score: 1

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