If you are a first time buyer, you will know the stress and frustration associated with buying property. With a short supply of affordable housing and rising prices, first time buyers will often feel that they have a very small chance of being able to afford to buy a home of their own. The size of deposit that buyers have to provide can be a daunting prospect but it is important to not give up on your dreams of owning property one day.
There are various schemes on offer to help first time buyers get on the property ladder and this is true in the Stockport and Greater Manchester area. It may feel as though the UK property market is fully focused on London, and there is additional assistance provided to buyers looking to buy in the English capital. This may be seen as unfair in the rest of the country but it is important to be aware of the ways that people can obtain assistance in buying Stockport property.
Get the help you need when buying property in Stockport
First of all, at Spencer Harvey, we are always on hand to offer guidance and help you find a home that is within your budget. We are skilled estate agents in the local area and if you are looking for the most relevant guidance when looking at the Stockport property market, we are always here to help.
However, you’ll find that there are options to consider when it comes to saving money for your deposit. There has been an announcement from Vernons Buildings Society that they are providing a Help To Buy ISA scheme, which has been backed by the Government, which can help first time buyers receive a 25% bonus on their savings.
This is being made available exclusively to people who are located within a 25 mile radius of Stockport. This is the sort of boost that will grab the attention and if you have been thinking about buying a home but have been left unsure about the finances, this may change your mind. The savings account provides a competitive rate of interest and if the savings are being used to raise a deposit on a home, there will be a 25% bonus paid on top of the final balance of the account, up to a level of £3,000.
Any assistance which can help you save a deposit and take a step towards owning your own home has to be seen as a positive thing. The fact that this is a scheme aimed at people in Stockport and Greater Manchester has to be seen as being of interest in the local market. If you’re looking to buy a home in or around Stockport, remember to contact Spencer Harvey.
For all your property needs, please contact Spencer Harvey Estate and Letting Agents on:
0161 480 8888
https://www.spencerharvey.co.uk