A Harborough estate agency is holding a Help to Buy Fortnight to help and advise buyers looking to use the Government-backed scheme.
Connells, of 11 St Mary’s Road in town, is holding the fortnight following the success of its Help to Buy Week back in June.
The firm expects to see even more interest from new home-buyers, especially with the broad range of developments at a time when Help to Buy is very much in the national headlines.
The fortnight started on Saturday and runs until next Saturday, October 26.
Help to Buy enables buyers to purchase a new-build property worth up to £600,000 with a five-year, interest-free Government loan for up to 20 per cent of the value of the property.
This means buyers may need only a five per cent deposit to buy a brand new home.
It also means they can potentially afford a larger property which will fulfil their needs for a longer time period, rather than having to upsize again a few years down the line.
Connells’ divisional managing director Tim Wardley said: “I would urge buyers to get in touch during our Help to Buy Fortnight to discuss whether they can benefit from the scheme. We have seen a phenomenal level of interest in using Help to Buy to purchase a new home since it was launched.
“In light of the recent announcement of a new Help to Buy scheme available for all properties, we expect to see even more interest in larger, new-build homes as first-time buyers use the second part of the scheme to free up second- and third-time home-movers who have been trying to upsize.”
There are now two schemes available including Help to Buy equity loans for new homes and Help to Buy mortgage guarantees, available on all properties.
Mr Wardley added: “The latest announcement by the Government was three months earlier than expected and is fantastic news for buyers, who can use it to make a purchase, and sellers, who will benefit from the influx of buyers we expect to see and can even use Help to Buy themselves on their onward purchase.
“During our Help to Buy Fortnight we are hoping to speak to as many people as possible about how they could use the scheme.”
The number of people taking their first step on the housing ladder set another six-year high in August, mortgage lenders reported this week.
Some 27,100 loans worth £3.8 billion were handed out to first-time buyers in August, marking a seven per cent increase on the month of July, when the number of first-time buyers was already running at its highest levels since 2007, according to the Council of Mortgage Lenders’ figures.
Lending to first-time buyers in August was one third higher than in the same month a year ago.
For more details about the Help to But Fortnight, phone Connells on 01858 465921 or visit its website at www.connells.co.uk.
Story by Alex Blackwell
Follow Alex on Twitter, @BlackwellHarb.