Monday, 30 November 2015

Help To Buy: New Announcements

Key announcements from the Spending Review and Autumn Statement.
1.       Help to Buy Shared Ownership: current restrictions on who can buy a home through shared ownership will be removed from April 2016
2.       London Help to Buy: If you live in London the government will lend you 40% the price of your home from 2016
3.       First-time buyers will be able to get a 20% discount on 200,000 new Starter Homes
4.       Money raised from tax on people buying their second home will be used to help those struggling to buy their first home
5.       Housing Association tenants will be able to buy their homes, with the first sales in 2016

Read all the details on the Gov UK website.

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