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New Help to Buy scheme may not be much use to first-time buyers as property prices continue to rise

New Help to Buy scheme may not be much use to first-time buyers as property prices continue to rise

Help to Buy scheme may boost

UK property prices
but may not be much use

to first time buyers

The controversial Government incentive scheme “Help to Buy” set for launch on 1st January 2014 is designed to aid first time buyers with property purchases and in turn this incentive could boost the UK residential property sales market without being of any real use to first-time buyers.

Morgan Stanley have issued a forecast that UK residential property prices are expected to increase between 8% and 13% before the end of 2014 and the bank reckons that its forecast is “supported by government policy”.

The investment bank’s prediction follows a warning by the Organisation for Economic Co-operation and Development (OECD) which says that the Help to Buy scheme offering 95% mortgages, due to launch in January 2014, could pump up UK residential property prices but would not necessarily increase the supply of available residential property.

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Government want to ensure tenants in the

Private Rented Sector are not illegal Immigrants

Landlords Warned Over Illegal Immigrants

Landlords Warned Over Illegal Immigrants

Government ministers want to ensure tenants in the Private Rented Sector (PRS) are not living in the UK illegally and are already working with local authorities to tackle rogue landlords who exploit immigrants by housing them in ‘beds in sheds’.

Many private sector landlords already take the correct measures by tenant referencing all applicants to check the tenants’ identity and credit status, making it difficult for illegal immigrants to rent properties from them.

However, despite numerous calls from UK property industry specialists, not all landlords bother with tenant referencing, and a small minority of rogue landlords knowingly target illegal immigrants who would not be in a position to complain about any sub-standard rental accommodation.

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