No I 100% don’t but the last thing a first time buyer wants it’s a repair bill.
With this plan they can put up just 5% and borrow the 20% interest free from the government.
This means they can save more money for the next mortgage while living comfortably in a house with a minimum 10 year guarantee.
New builds are amongst the easiest properties to sell 2nd hand also
The only downside to UK new builds is that there over inflated more than second hand - But then rest of UK,US & EU housing market are over inflated too and due for correction which will happen.
it’s funny how Manolete partners stocks went down 30% today cos government are throwing away tax payers money with loans in resuscitating charlatan companies that should have gone bankrupt.
Not only that, all these money are ending up in the stock market while the main street is left homeless. Any serious government should be paying the money into people’s account to spend.
The property market rarely has a correction especially in the lower end first time buyers market.
Buyers outstrip sellers in this country and for as long as that happens prices won’t fall by much if at all. Certainly not a “correction”.
The last housing crash forced prices higher within 3 years, if your a homeowner a bit like a long term investor, what difference does it actually make?
New houses, especially the first lot are usually under priced depending on the up take. As I’ve said before mature housing estates with no noise work pollution are more valuable than a house on a building site.
Its also worth considering that even in a market crash, your rent doesn’t get reduced so why not own your own home
Never Ever invest in the stock market for high gains in a short time. Nobody has a crystal ball, do your research please. There is NOT a get rich scheme system in life.I ould never reccomend any investment tool if you need your money for a house in a couple of months. Now if you have spare cash to invest then research what you know. Myself, I love ASML and SABRE