Entirely North East

NEWCASTLEUPONTYNE PROPERTY NEWS

Thursday April 11 2019


Help to Buy speeds up buying your home


New research from local housebuilder Barratt Homes North East shows that the governments Help to Buy scheme can knock more than three years off the time it takes to get on the property ladder.



Help to Buy speeds up buying your home

New research from local housebuilder Barratt Homes North East shows that the government’s Help to Buy scheme can knock more than three years off the time it takes to get on the property ladder.

Barratt surveyed around 1,600 of its customers who had used Help to Buy to get their views on the scheme. Nearly half of the respondents said it would have taken them three or more years to buy a house if they hadn’t used Help to Buy, whilst over a quarter said that without using the scheme it would have taken them more than five years to get their home. Two thirds of people said they would not have been able to buy their home without Help to Buy, whilst at least a third said it was the only way they could ever make it onto the housing ladder.

These findings underline just how successful Help to Buy is in helping people to buy their own home, particularly first time buyers. Nationally more than 80% of the 195,000 families who have used Help to Buy are first time buyers, and without the scheme many thousands of families would now not own their home – they would either still be trying to save or many may have given up completely.

The new research from Barratt shows that Help to Buy is also really popular with their customers. Nearly 90% of users said they were either satisfied or very satisfied with Help to Buy, whilst 72% have recommended the scheme to friends and other people.

Help to Buy is not only getting more people on to the housing ladder, it is also supporting more homes being built, creating jobs and driving economic growth in communities across the country. Since it was introduced back in April 2013 the supply of new homes has increased by nearly 80% and is now at levels not seen since the 1960s.

Carl Sobolewski, Managing Director of Barratt Developments North East, commented on the research, saying: “This new research makes it clear just how beneficial Help to Buy is. It enables people to buy their home much more quickly – often eliminating more than three years of saving for a deposit. Also, many people simply wouldn’t be able to buy their home any other way. Help to Buy is a really popular product, it’s available at most developments and people can just visit our show homes to find out how it may help them.”



"This new research makes it clear just how beneficial Help to Buy is. It enables people to buy their home much more quickly often eliminating more than three years of saving for a deposit."
Carl Sobolewski, Managing Director








DISCLAIMER: The statements, opinions, views and advice expressed in this article are those of the author/organisation and not of ENTIRELY. This article should represent information correct at the time of publication however whilst every care has been taken to present up-to-date and accurate information, we cannot guarantee that inaccuracies will not occur. ENTIRELY will not be held responsible for any claim, loss, damage or inconvenience caused as a result of any information within this article or any information accessed through this site. The content of any organisations websites which you link to from ENTIRELY are entirely out of the control of ENTIRELY, and you proceed at your own risk. These links are provided purely for your convenience and do not imply any endorsement of or association with any products, services, content, information or materials offered by or accessible to you at the organisations site.






Discover our Industry Magazines
















Discover our UK Regional Magazines


North West Business News, Jobs and Events | Entirely North West UK
East of England Business News, Jobs and Events | Entirely East England UK
Ireland Business News, Jobs and Events | Entirely Ireland
London Business News, Jobs and Events | Entirely London UK
Midlands Business News, Jobs and Events | Entirely Midlands UK
North East Business News, Jobs and Events | Entirely North East UK
Scotland Business News, Jobs and Events | Entirely Scotland
South East Business News, Jobs and Events | Entirely South East UK
South West Business News, Jobs and Events | Entirely South West UK
Wales Business News, Jobs and Events | Entirely Wales
Yorkshire Business News, Jobs and Events | Entirely Yorkshire UK


RECOMMENDED FOR YOU ON ENTIRELY PROPERTY






















Local housebuilder bolsters sales team


Barratt Homes Yorkshire West recently celebrated its growing team by welcoming eight new sales advisers to a number of its developments. The housebuilder has also made three internal promotions, furthering its investment in employment within the region



























Beyond Housing strengthens senior team


Beyond Housinghas announced the appointment of a new Director of Strategy and Change.MarieRoebrings with her awealthof skills and experience tosupport thenewly merged organisation in achieving its ambitious business plans and change agenda







Discover our Industry Magazines
















Discover our UK Regional Magazines


North West Business News, Jobs and Events | Entirely North West UK
East of England Business News, Jobs and Events | Entirely East England UK
Ireland Business News, Jobs and Events | Entirely Ireland
London Business News, Jobs and Events | Entirely London UK
Midlands Business News, Jobs and Events | Entirely Midlands UK
North East Business News, Jobs and Events | Entirely North East UK
Scotland Business News, Jobs and Events | Entirely Scotland
South East Business News, Jobs and Events | Entirely South East UK
South West Business News, Jobs and Events | Entirely South West UK
Wales Business News, Jobs and Events | Entirely Wales
Yorkshire Business News, Jobs and Events | Entirely Yorkshire UK