North Stoneham Park has announced a special Help to Buy event will be held this month as findings from the English Housing Survey have recently revealed just how many young adults are struggling to get their feet onto the property ladder.
The annual survey by the Department for Housing, Communities and Local Government has revealed only 38% of 25–34-year-olds can afford to buy their own home, which is down from 55% 10 years ago. Unsurprisingly, the number of private renters has leapt dramatically – from 28 to 44%. It seems that for many, the prospect of homeownership is becoming increasingly distant and a life in rented accommodation a very real scenario.
However, the government’s Help to Buy initiative is designed to reverse this trend and to galvanise would-be purchasers into finding their dream home and taking a more affordable step towards buying it.
On Saturday 22nd June North Stoneham Park’s marketing suites will be hosting a Help to Buy event and welcoming anyone who is interested in buying a beautiful new home at the Park, but needs a hand to secure the house they’ve set their heart on. Not only that, but all reservations on the day with Help to Buy can be made for just £99 – that’s a huge saving on the usual £500 fee.
The marketing suites and show homes at Homewood Park and Avenue Park will be open from 10am to 5.30pm – you’ll also be able to talk to the Park’s approved financial experts who can advise you on how Help to Buy works and how to start the process.
A free prize draw will be held on the day too so, if you want to be in with a chance of winning £100 in IKEA vouchers, get to the Park on 22nd June!
You can find more information about Help to Buy here, and you can also download the English Housing Survey Headline Report 2017/2018 by visiting https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/774820/2017-18_EHS_Headline_Report.pdf.
The 2019 report will be published in January 2020.