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Harewood Associates backs Help-to-Buy

A property investment company in Greater Manchester has praised the Government’s Help-to-Buy scheme after recent figures revealed how it is providing a stimulus for house building and economic recovery in the UK.

New government figures have shown that the Help-to-Buy programme has enabled 35,000 people to buy their own homes, helping to boost Britain’s construction and property markets in the process.

Bolton-based Harewood Associates has completed a number of residential developments across the UK through property investment schemes and says that Help-to-Buy has created more appetite for new homes and helped many families get onto the property ladder.

Peter Kiely, Director of Harewood Associates, said: “The latest figures released by the government show that there is a lot to be positive about in residential property.

“Of the 35,000 Help-to-Buy purchases since the scheme was launched 14 months ago, 86% were first time buyers. It’s clearly helping a huge amount of hard-working people get onto the property ladder and it’s breathed new life into the house-building sector.

“Our subsidiary, Sherwood Homes, has developed 13 residential sites with homes that are eligible for purchase under the Help-to-Buy scheme. There’s no doubt that the incentive has allowed us to increase the number of developments we’re working on and provide more investment options and greater returns for our investors.”

The Help-to-Buy equity loan scheme allows people to buy a newly built home with a small deposit of at least 5% of the property price. The government offers a loan of up to 20% and the rest of the purchase price is covered by a mortgage.

Earlier this year, the government announced that an extra £6billion would be put into this part of the scheme and it would be extended until March 2020, supporting the construction of up to 200,000 new homes.

To find out more about Harewood Associates and the residential property investment options available, please visit: www.harewoodassociates.co.uk.

This was posted in Bdaily's Members' News section by J Reid .