It’s fantastic that the government has introduced a course of action that sees all homeowners benefit from this – and not just first-time buyers.
(PRWEB UK) 2 April 2013
The recent budget by George Osborne drew a few unexpected surprises, one of which included the Help to Buy scheme. An announcement that was welcomed with open arms by the UK’s leading new homes retailer - Banner Homes - it is hoped that this initiative will give a much-needed boost to the property market.
Created with two options in mind, the Help to Buy scheme helps those looking to get on - or move up - the housing ladder. Property enthusiasts can either accept an interest-free loan courtesy of the government or have the government act as guarantor for part of a borrower’s debt.
Designed to combat the ongoing problems faced in the housing market, Banner Homes sees this as a golden opportunity for potential homeowners – especially those who have experienced financial troubles.
Richard Werth of Banner Homes praised the new proposal: “It’s fantastic that the government has introduced a course of action that sees all homeowners benefit from this – and not just first-time buyers. The financial support offered means that the equity loan scheme could help over 25,000 households each year over the duration of three years – and even better, the mortgage guarantee system has the potential to approve an additional 550,000 house sales.”
With three regional operational centres in the Midlands, Northern and Southern Home Counties, Banner Homes is arguably one of the country’s most reputable and successful new homes businesses. An award-winning company that specialises in identifying and satisfying the demands of their home buyers as well as anticipating new trends, Banner Homes is committed to helping people find their new home – whether they’re looking in the heart of Surrey or from a selection of houses for sale in London.
“We’re optimistic that homebuyers will take advantage of the Help to Buy scheme as not only does it aid them – it also aids the housing market,” said Werth.
“People shouldn’t have to settle for poor housing just because of their budgetary requirements. Everyone’s entitled to the highest quality of living, and we hope to see a positive impact for homeowners everywhere.”