How Does Help to Buy Actually Help First Time Buyers?

Getting your leg onto the first rung of the housing ladder can be tough. With house prices high, would-be buyers need to work hard to be able to afford a deposit. In fact, the average deposit paid by first time buyers in September was £26,562, while a third of England and Wales house prices are now at a figure that is ten times the average salary. The Government has tried to do its bit to lower the hurdles in front of first time buyers with its Help to Buy scheme. If you’re looking to benefit from this, however, it’s important to understand how the scheme works. Help to Buy: Four different strings to the bow Firstly, it’s important to realise that Help to Buy is an umbrella term. It refers to four different schemes being run by the Government, each offering a subtly different form of assistance for buyers. Under...
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Don’t Lose Out on Your Deposit When You Move Out

  Has the lease on your home come to an end? Well, if you’re moving on to rent somewhere else, part of your admin is going to involve getting your security deposit back. The only way to do this, however, is to ensure that you leave your house or flat in the condition you found it in (if not better!), so that your landlord has no grounds for deducting the cost of cleaning and repairs from your deposit. So, it probably goes without saying that you’ve a pretty big job on your hands. You’ll need to begin by ensuring that the condition of the property and its contents haven’t surpassed ‘reasonable wear and tear’ (something that your tenancy agreement probably refers to). If you’re not sure what reasonable wear and tear means, take a look at page 12 of this document. Beyond that, however, you’ll need to give the space...
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