Latest News

Underinsurance – a hidden risk, how to protect your business

11 June 2021

Inadequate or insufficient insurance cover may result in serious financial loss and can affect organisations of any size, and the pandemic has resulted in many businesses reviewing their cover in a more challenging environment. Read More...

Capital Gains Tax review – recommendations for UK property tax return

10 June 2021

The Office of Tax Simplification (OCT) has published the second report of their review of Capital Gains Tax (CGT) that sets out what could potentially be done by HMRC to raise awareness among taxpayers to help them meet their CGT 30-day reporting and paying obligations. Read More...

Flagship First Homes scheme launches

04 June 2021

Housing Minister, Robert Jenrick MP, announced today, 4 June 2021, a new First Homes scheme of discounted houses for local people and key workers in England with the first properties going onto the market in Bolsover, East Midlands, as part of the first phase of an early delivery project. Read More...

Over 300,000 homes sold with Help to Buy

Friday 14 May 2021

Sam Legg, 19, a farmer from Leicestershire, has become the 300,000th homeowner to use the Help to Buy: Equity Loan Scheme since its launch in 2013 and urges others to join the scheme.

The new Help to Buy: Equity Loan Scheme for first-time buyers started again on 1 April and will continue to increase the supply of new homes over the next two years and help thousands more people own their home.

Help to Buy extension

The UK Government recently announced a further two-month extension for Help to Buy customers following delays caused by the pandemic. The extension will run to 31 May, allowing homebuilders to complete the build and buyers to legally complete their purchase.

Purchasers can borrow up to 20 per cent of the cost of a new build (40 per cent in London), funding the balance via a mortgage and repaying the loan when they sell.

Statistics

  • 313,043 households have now bought a home with the support of the Help to Buy Scheme since its launch in 2013
  • In the three months up to December 2020, there were 21,026 completions, the highest quarterly annual total ever and 40 per cent higher than the same period in 2019
  • Most of the home purchases in the Scheme were made by first-time buyers, accounting for 257,520 (82 per cent) of total purchases

Quote mark

Help to buy has introduced a great number of first-time buyers into the market, which we know is crucial to keeping things moving. It’s interesting to see that despite the restrictions of the pandemic, MHCLG has reported figures showing the scheme has been almost doubling its applicants in the latter part of 2020. These numbers echo our research, which shows the increased appetite of buyers across the overall market.

Nathan Emerson

Nathan Emerson
Propertymark Interim CEO