If you’ve been itching to get on the property ladder now for what seems like an incredibly long time, 2021 has some great news in store for you. Since the not-so-great year that 2020 brought us 2021 is certainly looking up and with ever more ways to get on the property ladder, 2021 may just be your year. From the Chancellor’s announcement of the Stamp Duty Extension to the endless new developments of fantastic shared ownership homes, there is plenty to look forward to in 2021.

Help to Buy

While you may already know someone who’s bought through help to buy or you’ve heard about it on the grapevine before. There is a good reason the Help to Buy is such a  popular way to buy a home these days. Not only do you only have to put down a 5% deposit but it also means you could get an equity loan form the government with zero interest for the first 5 years of up to 20% of the value of the property. This means after your deposit and no interest loan you are left with a mortgage of just 75% which will naturally be significantly easier to seek than the usual 90% loan offered by banks. And if you happen to be looking for a property in the London area then, you could get yourself a 40% equity loan from the government leaving you with a mortgage of just 55%. This is a great opportunity for first time buyers that might feel a little lost when it comes to getting on the property ladder and with key property portals like keaze.com offering tailored-to -you search so that you can only see what you are looking for and are eligible for, it couldn’t be easier.

Shared Ownership

This scheme is really taking off especially in places like London where buying a home is pretty impossible after the sudden increase in prices. Shared Ownership allows you to buy a share in your home and gradually increase this overtime meaning you take buying a home at your own pace. This means you can buy a house big enough for everyone in the family but still at a cost that doesn’t break the bank. You also only have to put down a deposit on the share you wish to buy which means you could be paying upfront costs as little as 5% of the property’s value. Shared Ownership also offers apartments all over the city centre of London and are built with the busy life of a young professional in mind. Closeby to train stations, tub stops, airports and of course some top notch coffee spots there’s a lot to love when it comes to shared ownership. And with Keaze.com offering plenty of advice on what is shared ownership over on their FaQs page, the scheme is well worth checking out before 2021 is up.

Stamp Duty Holiday

Now this is something you really don’t want to miss! Stamp Duty may not be the first thing you think of when buying a home but it certainly packs a punch. Stamp Duty is a tax on the land on which your home stands and it can become quite the costly expense depending on the value of the home itself. Luckily, the chancellor announced you will not have to penny a penny of stamp duty land tax for a home under the value of £500,000 up until the end of june 2021. So don’t miss out on this one and if you have a home in mind, don’t wait! You could be saving yourself thousands!

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Daniel Peacock.

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