Prompt: GETTING on the property ladder can feel like a daunting task but there are schemes out there to help first-time buyers have their own home. Help to Buy Isa - It's a tax-free savings account where for every £200 you save, the Government will add an extra £50.
Credit: Photographers Choice - GettyMap reveals how much first-time buyers need based on YOUR postcodeALC-OH NOThe change has been welcomed as "long overdue" and a boost for anyone buying a leasehold home by legal experts.Michelle Lawson of Lawson Financial, said: “A Dickensian quirk of the leasehold industry has finally been kicked into touch.
Housing Minister Mathew Pennycook last week confirmed the change would come in to force from today .This tenure tends to be more common with flats, although some new-build housing developments are leasehold too. The fear of being stuck with a property with a lease that could expire or cost a fortune to extend is putting off buyers, and in turn this is making lenders wary of those homes as they are perceived to lose value over time.
Make sure that you ask the estate agent when you view the home as they should know or be able to find out.
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