About the discount when reselling, remember that if it costed, for example, 100k and you bought it 70k(includes 30% discount), then when you want to sell if for example it's worth 200k you have to honour the % discount, not the amount. In that case 200k - 30% = 140k. Therefore you'd still DOUBLE your money..
Hey Phil, I've just read your book and I'm curious to know if you think studio flats are a worthwhile investment, given the higher yield and strong rent demand? Thanks David
www.ownyourhome.gov.uk/scheme/first-homes/ From the above site: "A programme is underway to deliver up to 1,500 First Homes in up to 100 locations across England, and this is due to conclude in November 2023. First Homes are also starting to be made available on new construction sites across England as developers and local authorities incorporate them into their development plans, and this is set to increase over the coming years."
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Why is it that you cannot find a direct website with homes available on this scheme?
There is more detail in our website article - hope this helps www.moveiq.co.uk/blog/buying/first-home-scheme
About the discount when reselling, remember that if it costed, for example, 100k and you bought it 70k(includes 30% discount), then when you want to sell if for example it's worth 200k you have to honour the % discount, not the amount. In that case 200k - 30% = 140k. Therefore you'd still DOUBLE your money..
How do i find the properties that offers first home scheme discount?
www.ownyourhome.gov.uk/scheme/first-homes/
I was reading about the scheme and I'm pretty sure there is no need for the house to be new, but I heard you saying the opistit?
www.ownyourhome.gov.uk/scheme/first-homes/
Hey Phil, I've just read your book and I'm curious to know if you think studio flats are a worthwhile investment, given the higher yield and strong rent demand? Thanks David
Thank you this may help www.moveiq.co.uk/blog/buying/property-investment-advice/ Location will also pay a big factor
Who decides what % we can get? I wonder, do we get to choose? Lets say i want 50% and no less?
www.ownyourhome.gov.uk/scheme/first-homes/
Thank You!
Could i buy an old house under this scheme?
Didn’t this scheme end in November 2023?
www.ownyourhome.gov.uk/scheme/first-homes/
From the above site:
"A programme is underway to deliver up to 1,500 First Homes in up to 100 locations across England, and this is due to conclude in November 2023.
First Homes are also starting to be made available on new construction sites across England as developers and local authorities incorporate them into their development plans, and this is set to increase over the coming years."
first home scam as usual :D Currently, I can see developers no longer provide this or its just for armed forces personnel.