It’s a great time for first time buyers currently looking to get on the housing ladder
With stamp duty taxes now axed on properties up to the value of £300,000 and reduced for those up to £500,000, as well as a vast range of schemes available designed to help boost homeownership, the possibilities are endless for potential homebuyers. In the Capital where first time buyers face the largest hurdles to buying their first home, getting onto the ladder is now reported to take Londoners up to 10 years to save for a deposit.
Help is at hand for first time buyers looking to buy their first home in London, with the First Time Buyer Home Show due to be held in Stratford, E15 on Saturday 17th February. There, aspiring first time buyers will be able to find out everything they need to know about getting onto the property ladder; from free mortgage and legal advice to a range of properties available through helpful purchasing schemes such as shared ownership and Help to Buy.
The free-to-attend property event is designed to help any first timer looking to get onto the housing ladder, offering a variety of new schemes which help reduce some of the upfront costs of homeownership. The headline sponsor for the event is SiteSales, a leading agent of new homes sales which deals with many entry level and affordable homes aimed at first time buyers in London and Essex.
Lynda Clark, Managing Director of First Time Buyer Group comments: “Londoners still face some of the biggest challenges when it comes to buying a first home, so we are once again hosting our popular home show in Stratford. This appealing part of London is a massive draw for aspirational homebuyers looking to benefit from better value for money, yet enjoy the ever-increasing benefits of the ongoing regeneration.”
As well as SiteSales, the popular Home Show will be attended by some biggest names in the property market including supporting sponsors L&Q, Which? Mortgage Advisors, Berkeley Homes, Taylor Wimpey, Help to Buy London, Metropolitan, Southern Home Ownership, Direction Law, Lawcomm Solicitors, Notting Hill Sales, Currell, Redloft, Stepladder, Southern Home Ownership, The Leasehold Advisory Service and www.mortgageshop.com.
In addition to a range of properties for first timers to look at, free financial advice will be available so that visitors know exactly what they can afford with whatever amount they have saved. Lower deposit purchasing schemes which only require a 5% deposit will also be explained in the day, alongside leasehold and legal experts present to help explain the entire buying process.
Murray Smith, Managing Director of SiteSales says: “We are delighted to be involved in what promises to be another great First Time Buyer Home Show. Our large team of property experts will be on hand to offer first time buyers advice as they start their journey towards home ownership. We have a number of developments available in many parts of London and the home counties, many of which we develop ourselves. We look forward to showcasing these as well as the affordable purchase options, available to buyers, such as Shared Ownership and Help to Buy”.
Practical seminars will also be held throughout the day at the First Time Buyer Home Show which will explain purchasing schemes, outline legal issues and other homebuying related matters.
The First Time Buyer Home Show is to be held at The Old Town Hall, 29 The Broadway, Stratford, London, E15 4BQ from 10am until 4pm on Saturday 17th February 2017. For further details about attending the show, first time buyers can register their interest at www.ftbhomeshow.com