News

FREEHOLD – OWNING MEANS OWNING.

Step Forward Homes is an ethical shared ownership provider and believes that ownership should mean just that: ownership – not providing an unending funding stream for builders and developers to exploit.  The government has recently announced that builders and developers are to be banned from selling houses with an attached leasehold in England and that…

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LIFETIME ISA RULE CHANGE MAKE NEW SAVINGS PRODUCT MORE FLEXIBLE.

A substitute for a Help-to-Buy ISA is a Lifetime ISA. The idea is the same, for every £4 you save, the government will give you £1. This can either be withdrawn tax free when you reach 60 or older, or used to purchase your first home. Taking money out or earlier than 60 (or for…

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HELP-TO-BUY WILL ASSIST FIRST-TIME BUYERS BUT AT A COST.

For a lot of first-time buyers, the government’s Help-to-Buy scheme proposes a route into home ownership. With the assurance of a 20% equity loan, and the opportunity to cash in your Help-to-Buy ISA bonus, it’s understandable that 135,000 people have already used the scheme to get a brand new home. However, before rushing headlong into…

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FIRST-TIME BUYERS, AVAILABLE TO OWN.

The government has set a target of 300,000 new homes a year to be created by the mid-2020s. 216,000 homes were built in 2016-17 but with the popularity of the Help-to-Buy equity loan scheme buttressing profits by developers, this number could be set to increase in the coming year. Right now, it still remains to…

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