Government backed 5% mortgages
With the Help to Buy scheme being phased out, could this be the stimulus needed to enable first time buyers take the first step onto the property ladder.
Without question, Help to Buy has been a huge success for both Housebuilders and buyers looking to take their first step onto the property ladder. The idea of it being phased out would have rocked property developers to the core as without it, at time of global recession, the bottom may have fallen out of the property market.
In most parts of the country, a 5% deposit is manageable to most with an ambition to own their own home, especially if they have an account with the bank of Mum & Dad!
Our Connects platform has played a big part in the success of the Help to Buy scheme, as Housebuilders, their agencies and Estate Agencies take advantage of the online, direct to mail dynamic QR code generating platform.
Through profile data on 27 million households across the UK, Precision have matched thousands of Property Developers to Renters and Renters to Help to Buy schemes run by the largest housebuilders in the UK through targeted and measured, direct mail campaigns.
The Independent's full article about the 5% Mortgage scheme