The Government’s Help to Buy scheme brings out new buyers
for Cyden Homes
Following the announcement in the Chancellor’s Budget of the
launch of the Help to Buy scheme for the new homes industry, Cyden Homes have
been inundated with enquiries across their developments.
The Help to Buy scheme enables qualifying applicants with no
more than a 5% deposit, the opportunity to buy a brand-new home for just 80% of
the price, no matter whether they’ve got a house to sell or not.
“We’ve seen a huge increase in enquiries from both first
time buyers and people with houses to sell who can immediately see the benefits
of this scheme in being able to buy a larger property than they previously
thought possible” said Peter Bond, Sales Director for Cyden Homes.
“This is clearly just the impetus the housing market needed.
The Government has recognised that previous schemes were only really helping
first times buyers whereas the people with houses to sell may have seen their
equity depleted over the last few years and were locked into properties too
small for them and with only a small deposit to use to buy again. These people
now see that if they can at least put together a 5% deposit, they now have the
chance to move to something bigger and better”
The details of the scheme can be found on the Government’s
website at homesandcommunities.co.uk or by visiting cydenhomes.co.uk
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