Liverpool Property News
First-time buyer surge
A record 45,965 Help-to-Buy equity loans were issued to first-time buyers in the year to the end of March 2021, as appetite from first-time buyers (FTBs) continues.
Over one third of property purchased by FTBs has been priced £200,000 or less, with over half of those benefitting having a household income of less than £50,000.
58% of FTBs have purchased with the minimum 5% deposit. The government has advanced loans in excess of £16 billion since the scheme launched in April 2013.
From April 2021, Help-to-Buy has only been available to first-time buyers, with regional price caps in place, varying from £186,100 in the North East to £600,000 in London.Source: Dataloft, MHCLG, data to the end of March 2021
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This Blog looks at what is happening in Liverpool, the property market, events and community news along with investment ideas and tips for those loosing to invest in the area.
Gill Bell - Editor
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