The impetus for the construction industry in the UK

New impetus for the U.K. housing market

The first buyers who purchased a house in the new government’s programme in the UK “Help to Buy” received the keys to their new home three bedrooms. They moved to their new home in Liverpool after paying the government a 20% down payment , which in turn allowed them to obtain 75 % of the house value as a mortgage from the Bank. Thus, the young family made for his new home just a 5 % Deposit.

This means that an ex-guardsman Royal Guard and his girlfriend will pay even less monthly payments, which will significantly reduce the burden on their family budget.

Minister of construction of the UK mark Prisk said the expectations of the government from the new scheme are as follows:

“We want to help even more people through a new scheme to become owners of their new housing.” Currently, its desire to participate in the program “Help to Buy”, said more than 300 of the largest construction companies in the UK. I am absolutely convinced that in the coming months we will see more of the thousands of lucky people who have dream to have your own house becoming reality thanks to a new scheme. I’m glad that after only 5 weeks after the start of the program, the new buyers have already moved into the house. I want to congratulate them and wish them all the best in future”

The new scheme enjoys exceptional interest from potential home buyers and interested in the scheme as those families who are only planning to buy their own homes, and those who intend to move to a larger house.

The program is designed to give a boost to the construction industry in the UK and will allow you to pour a lot of money in the new housing market and in the secondary market in the next three years.

The program “Help to Buy” is aimed at the purchase of residential property costing up to 600,000 pounds, it does not provide for a ceiling of salaries, and it is available for both first-time buyers for housing, and for those that already owns a property and is ready to improve their living conditions.

In addition to the standard loan from the Bank, the program provides the customer receives a 20% loan from the state.

® Helen Entree. 01.05.2013