{"id":116816,"date":"2020-06-01T13:00:34","date_gmt":"2020-06-01T06:00:34","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-help-to-buy-restrictions-cut-the-price-of-new-builds\/"},"modified":"2020-06-01T13:11:50","modified_gmt":"2020-06-01T06:11:50","slug":"will-help-to-buy-restrictions-cut-the-price-of-new-builds","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-help-to-buy-restrictions-cut-the-price-of-new-builds\/","title":{"rendered":"Will help-to-buy restrictions cut the price of new builds?"},"content":{"rendered":"


\nI am unsure whether to postpone a purchase until the scheme no longer applies to most buyers Q I am looking into buying a new-build property and am considering using the help-to-buy scheme. I have weighed up the benefit of using the scheme and feel the interest savings over the first five years would outweigh the potential for the government\u2019s 20% stake to appreciate in value substantially over the same term. My main concern is that help-to-buy will be restricted from next March to first-time buyers. I am a second-time buyer so wouldn\u2019t be able to use the scheme. However, there is evidence that help-to-buy inflates new-build property prices (encouraging them to build more, I assume) so would it be better to wait until after next March and see if new-build purchase prices come down once the scheme doesn\u2019t apply to most buyers? I am looking at a four-bedroom property at about \u00a3300,000 so assume that size of property wouldn\u2019t be a popular first-time buyer choice and therefore most buyers would have less purchasing power once the scheme is withdrawn. Any thoughts would be great. SLA You are right that the help-to-buy scheme in England is changing next year but it\u2019s from April rather than March. You are also right that from April 2021, the scheme will be open only to first-time buyers of new-build homes. However, you are wrong in thinking the new help-to-buy scheme won\u2019t apply to most buyers. Since 2013, when the current help-to-buy scheme was introduced, eight out of 10 help-to-buy properties have been sold to first-time buyers, rather than existing homeowners, which perhaps explains the government\u2019s decision to restrict the new scheme to them. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Will help-to-buy restrictions cut the price of new builds?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

I am unsure whether to postpone a purchase until the scheme no longer applies to...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-116816","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-uo8","jetpack-related-posts":[{"id":1268,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/london-help-to-buy-scheme-to-launch-in-february\/","url_meta":{"origin":116816,"position":0},"title":"London help-to-buy scheme to launch in February","date":"January 12, 2016","format":false,"excerpt":"\r Government\u2019s equity loan programme will be extended to buyers in the capital, allowing them to borrow up to \u00a3240,000 for a new-build property A government scheme offering homebuyers in London loans of up to \u00a3240,000 to help them buy new-build properties will go live on 1 February.Help to buy\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3311,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/help-to-buy-london-launches-but-expert-questions-its-reach\/","url_meta":{"origin":116816,"position":1},"title":"Help to buy London launches, but expert questions its reach","date":"February 1, 2016","format":false,"excerpt":"\r Scheme will open \u2018relatively few doors\u2019, critic says, as lenders line up to offer sub-2% dealsA government scheme offering homebuyers in London interest-free loans of up to \u00a3240,000 has gone live, but critics say it will open \u201crelatively few doors\u201d for priced-out households.Help to buy London is an extension\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":126873,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/first-time-buyers-using-help-to-buy-scheme-must-reserve-property-by-end-of-october\/","url_meta":{"origin":116816,"position":2},"title":"First-time buyers using help-to-buy scheme must reserve property by end of October","date":"May 30, 2022","format":false,"excerpt":"\r New homeowners face deadline two months earlier to access government-backed equity loan First-time buyers who want to take advantage of the government\u2019s help-to-buy scheme will have to reserve a property by the end of October, it has emerged \u2013 two months earlier than had been expected.The scheme, which offers\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94985,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-it-right-to-be-cautious-about-the-help-to-buy-scheme\/","url_meta":{"origin":116816,"position":3},"title":"Is it right to be cautious about the help-to-buy scheme?","date":"July 30, 2018","format":false,"excerpt":"\r Help-to-buy is not an option if you don\u2019t want a new-build home \u2013 and interest rates can be higherQ In your opinion is help-to-buy a good option? Both my sons \u2013 who are 30 and 35 \u2013 have been renting for 15 years but now want to get on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":59242,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-we-use-the-london-help-to-buy-scheme-to-purchase-a-home\/","url_meta":{"origin":116816,"position":4},"title":"Should we use the London help-to-buy scheme to purchase a home?","date":"June 29, 2017","format":false,"excerpt":"\r Despite having a good deposit, prices in south London seem unachievable, so we are thinking about going for a new-build with government helpQ My little family are looking to buy a house in London after many years of renting and scrupulous saving. The good news is that we have\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4764,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/help-to-buy-loan-scheme-nets-treasury-213m-in-paper-profit\/","url_meta":{"origin":116816,"position":5},"title":"Help-to-buy loan scheme nets Treasury \u00a3213m in paper profit","date":"February 15, 2016","format":false,"excerpt":"\r Hometrack analysis shows biggest gains in areas with high levels of building and buoyant market such as Buckinghamshire but some areas have lost moneyRising house prices across much of England mean a government scheme to help buyers of newbuild property may have made more than \u00a3200m for the Treasury\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/116816"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=116816"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/116816\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=116816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=116816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=116816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}