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Help-To-Buy Scheme not bad news for property investors
Why The Help-To-Buy Scheme
Is Not Bad News For Property Investors!
The Help-To-Buy scheme may not be open to property investors for rental property purchases, but the scheme does have some good points.
From 7th October 2013, first-time buyers and existing property owners are now eligible to buy property with a 5% deposit as part of the new Mortgage Guarantee Help-To-Buy scheme.
The scheme was originally launched for new build properties at the start of 2013, with the resale portion set to launch in January 2014, however lenders can begin writing loans through the Help-To-Buy scheme from October 7th 2013, but they will not be able to purchase the Government guarantee that underpins these mortgage loans until January 2014.
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