A new version of the scheme has been launched to support first time buyers in England through an equity loan.
In April 2013 the Help to Buy scheme was first introduced to help those buying a house (including those moving house) to buy a new-build home priced up to £600,000 with a 5% deposit.
This year the scheme has been re-launched with the view to supporting first-time buyers only. Regional price caps will also be introduced, limiting the prices developers charge for new homes.
These changes aim to reflect the government’s aim to support those who need it the most, so that more people can buy rather than rent a home. Find out more at this article by Which.co.uk >
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