We continue our conversation with Emoov’s founder Russell Quirk, a real estate professional who started in the industry back in 1984. He is sharing his thoughts on the recently launched Help To Buy scheme and giving some suggestions to first-time buyers planning to take advantage of the programme.

Quirk believes that one of the best tips for would-be buyers is to obtain a long-term fixed-rate or budget to cover their mortgage as a way of softening the effect of unexpected rises in monthly costs. When selecting a property under the scheme, first time buyers should shop around for the best deal, making sure they don’t get trapped by brokers requiring hefty fees, he also recommends.

Never trust an estate agent, Quirk warns. Future homeowners would be much better off using the services of estate agents like Emoov – they don’t go into raptures about big commissions and have no benefit from pressuring buyers to take the plunge.

Asked to make his prediction on whether new or old property would sell better under the scheme, Quirk said that this is rather a matter of individual preference. He did suggest, however, that new housing could prove “out of reach” due to the premium that newly-built property is usually sold at. In housing mortgage terms, the areas that require the greatest support are South Wales, the North East, North West and Northern Ireland.

With this information at hand, we expect that buyers now have a clearer picture of the situation around the Help To Buy scheme.

If you have any further questions about the Buy To Let Scheme and you want to talk to one of our team, you can call us on 0333 121 4950 or fill in the form here.

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