House hunting with Help to Buy
There are often misconceptions
around the Government-backed Help
to Buy scheme with many unaware it
is available as a means to purchase a
new home. Award winning property
developer Crest Nicholson offers
the following insights for buyers to
better understand and make use of the
scheme.
Debunking the three common
misconceptions about Help to Buy
Myth #1: Only first-time buyers are
eligible
It’s commonly thought that Help to Buy
is only there for first time buyers. Many
second time buyers are unaware they
are also eligible for the government-
backed scheme. These ‘second steppers’
can use the scheme to upgrade or
upsize to a new build home. However,
those looking to remain living in their
first home while buying a second
investment property are not eligible for
the scheme.
Myth #2: The scheme is available on
any type of home
In order to use Help to Buy, buyers
must be purchasing a new build home.
Those buying in the second-hand
market or purchasing a second home as
an investment cannot use the scheme.
Fortunately, one of the core benefits of
a new home, is just that, it is brand new.
With fully fitted kitchens including
integrated Bosch appliances to crisp
white Roca sanitary-ware and full
height Porcelanosa tiling in the
bathroom.
No renovations or previous residents’
decisions need to be taken into
consideration allowing purchasers to
enjoy the things they love, including
putting their own design flair on their
new home.
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