21 March, 2013
Michelle Thompson, Partner and Head of Conveyancing at Forbes Solicitors has welcomed the announcements made in today's budget for home buyers.
Michelle comments, "First time buyers and people looking to move up the property ladder are winners in the 2013 budget as George Osborne announced £3.5bn in capital spending over 3 years to shared equity loans. It is also great news for people looking to move up the property ladder who have a 5% deposit, but can't afford to raise the rest, as there is now a 20% interest free loan available for the first 5 years provided the value of the property does not exceed £600,000."
It is all positive news at a time when there are already signs of improvement in the property market."