Property buyers in the UK rate the program “Help to Buy”

Potential buyers of property in the UK aware of the program “Help to Buy”.

Almost three quarters of property buyers in the UK who is going to buy a property in the next 12 months, are aware of the existence of the program “Help to Buy”. – 72 % of buyers of real estate website Rightmove know about the existence of a scheme “Help to Buy”, and 62% even figured out the details and understand whether they will be able to use it.

Moreover, according to Rightmove, in may in a section of the website dedicated to the “Help to Buy”, there were more than 330,000 visits, almost three times more than the record number of visits recorded in the relevant section of the scheme NewBuy.

After several years of silence, potential buyers seem to be ready to move again to improve their living conditions, awakened interest in the scheme “Help to Buy”.

Questions people, whether they understand the essence of the program “Help to Buy” and will she be able to help them to acquire real estate, about 26% said “definitely” and 36% said “I think so”

For comparison, among respondents to the same question in relation to the scheme NewBuy , only 14 % said “definitely” and 25% said “I think so.”

However, one third of the respondents did not understand the program “Help to Buy”, stressing the need for greater number of information and outreach.

These results are likely to be good news for politicians for two reasons. First, it is clear that the new program could capture the imagination of the target audience, and thus hit the target. Secondly, it will be to answer the critics – some economists of the Bank of England.

Critics of the program have expressed concern that excessive government incentives to improve the market activity can lead to excessive UPS and downs and it may have a negative impact on the market, causing too much vibrations.

Today the program “Help to Buy”, will offer assistance to all buyers in the form of a loan for the purchase of residential property in the UK worth up to 600000. The amount of the down payment, which will require the buyer to be only 5% and 20%, necessary for obtaining a mortgage loan, add the state of your Fund. Is the government’s intention to extend the program until January 2014, but the details of this extension are not yet clear.

® Alice Morgan G. 23.06.2013