Help to Buy is driving new development

New houses are needed to support the economic growth of the area and together with the significant transport investment and improved infrastructure coming into the North West this is just one reason why we believe the demand for new homes is increasing.

This 20 per cent contribution funded by the government is secured against the property as an Equity Charge and the amount to repay the Charge in the future will be based on 20 per cent of the value of the property at the time of repayment. It is therefore important to bear this in mind if the property prices do start to increase.

A lot of people see the purchase of a property as a lifetime investment and with low interest rates it is often just as cheap to get a mortgage than it is to rent a property. Various articles have also indicated that affordability relative to income has played out and of course the bank of Mum and Dad providing deposits for their children is also very common. All of these factors are driving the demand for new housing.