Stark rise in valuations for Help-to-Buy scheme

DEMAND for Help-to-Buy properties has significantly increased, according to a new survey.
By The Newsroom
Published 21st Feb 2018, 00:00 BST

Research conducted by chartered surveyors, Portsmouth-based McAndrew Martin Ltd,indicates that demand for the scheme has sharpened In the first months of 2018.

The results of the survey come after The Office of National Statistics revealed that more first-time buyers took out mortgages in 2017 compared to any year since 2006.

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McAndrew Martin Ltd recorded the rise in surveys and valuations, reporting a strong start to the year.

Director of general practice Ian Lee said: ‘This sharpening of demand may be due to increased confidence among young buyers or a demonstration of the continued pressures on the property market.

‘Although Help to Buy can appear complex, it does offer a route into property ownership for many people who may not otherwise be able to get onto the ladder.’

‘We always advise anyone interested in Help to Buy or similar schemes to consult local professionals who are members of the Portsmouth Property Association (PPA).’

Related topics:Portsmouth