I was very pleased to read that more than 400,000 people have been able to buy their first homes thanks to the government’s Help to Buy scheme.

A government report confirmed some 458,000 completions have taken place under the scheme. Of those 402,000 were first time buyers.

Help to Buy ISAs offer government bonuses of up to £3,000 to help first time buyers top up their savings. The statistics released show that first time buyers have taken advantage and opened up 1.2 million new accounts.

The report also found that 93% of completions across the Help to Buy schemes took place outside London with an average house rice of £201,881.

The National Association of Estate Agents (NAEA) website reported John Glen, Economic Secretary to the Treasury, as saying “We want to help as many people as possible experience the fantastic feeling of pride you get when you collect the keys to your first home. That’s why we offer the special Help to Buy: ISA for them to save, cut their Stamp Duty, and introduced a new Help to Buy Equity Loan to run until March 2023.”

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Covid -19 Lockdown Update

We hope you are all staying well and safe in these very confusing times.

We are very pleased to say that with the impending second lockdown restrictions we are able to stay open and can fully function.  It just goes to show how important to the Government and the economy the residential property market is.

It is not yet confirmed as to whether our branches will be open to the public, but we can be contacted by telephone or email. 

In Summary this means

  • Buyers, sellers and tenants will continue to be able to move.
  • Removal firms, although busy are able to operate.
  • We can arrange valuations and do viewings on properties (subject to strict PPE being in place)
  • Surveyors and valuers for mortgage purposes will continue to work.

In the meantime, we will continue to follow the covid-19 safety guidelines:

  • Face coverings to be worn on all viewings.
  • Hand sanistiser to be used before entering a property.
  • Avoid touching any surfaces.
  • Viewing time is limited to 15 minutes inside the property.
  • No more than two households inside the property at any one time. This includes the agent accompanying.
  • No children permitted at viewings unless they are young enough to be carried. (Children are likely to touch surfaces).

This is good news for the property market and we will keep you updated as soon as there are any further developments.