House Buy Fast Infograph Displays Why First Time Buyers Are Struggling To Save Deposits
Worthing, West Sussex. (PRWEB UK) 21 March 2014 -- With the talk of the recent UK budget fresh on everybody’s minds, we at House Buy Fast have decided to make a handy infograph displaying why first time buyers are struggling to save deposits. We take a look at the facts and figures from the newly extended help-to-buy scheme.
Now if you don't know about the help-to-buy scheme, the Government offers mortgage lenders the option to purchase a guarantee on mortgages where a borrower has a deposit of between 5% and 20%.
Although this scheme is meant to give prospective buyers more confidence into obtaining a mortgage, we have found that 36% feel they have no prospect of buying in the next 10 years. While 73% do not expect to buy before phase two of the help-to-buy scheme ends in 2017.
For more information check out the article here.
Jonathan Rolande, House Buy Fast, http://housebuyfast.co.uk, +44 1903 331 588, [email protected]
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