The end of the year still seems like a long time away but homebuyers should note that realistically, if you aren’t in your new home by then, you’ll probably need to wait until the market wakes up again in the spring of next year. If that wasn’t enough, Service personnel aiming to use the Forces Help to Buy scheme (FHTB) should also note that it’s due to close at the end of December 2018.
While it still seems a long way off, Christmas is one of those essential markers in the year and can have a huge influence on the housing market.
For many of the UK’s would-be buyers, getting a foot on the property ladder feels out of reach. Even the savviest savers seem destined to a lifetime of renting, as hopeful bids to squirrel away money in an attempt to grow a savings pot large enough to form a deposit are inconsequential. A week of the year dedicated to making the dream of owning their own home a reality, Shared Ownership Week, provides a lifeline and valuable support to aspiring homeowners hungry to buy their first property.
Brand new 3 & 4 bedroom houses available through Shared Ownership.
Forces Help to Buy (FHTB) was introduced in 2014 as a £200 million scheme to help Service personnel get on the property ladder. The fact that the latest ﬁgures show that since that time around £215 million has been spent is testament to its popularity. If you haven’t looked at how the scheme could help you and your family, it’s time you did since it is scheduled to close at the end of December 2018.