News

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 This can either be withdrawn tax free when you reach 60 or older, or used to purchase your first home.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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95% MORTGAGES REINTRODUCED

With the abolition of stamp duty on properties up to £300000 and the stabilisation of mortgage rates the promise of a rise in housebuilding numbers, things seem to be looking up for first-time buyers, but are these changes all that they appear? If you’re looking at getting on to the property ladder, 2018 could be…

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