Is The Your First Home Scheme Worth It?: In a recent video, I break down the new 2.5% deposit scheme, and what it means for your finances!
In the video, I explain exactly how the government’s new Your First Home scheme is expected to work. If you are contemplating buying your first house, this one is a must-watch!
You can find the video at the top of this blog post, or on YouTube. Drop me a comment on the YouTube page, letting me know your thoughts on the Your First Home scheme.
The government periodically claims to want to help first-time buyers purchase their first home. Often, however, the deal they offer isn’t as good as it might appear!
Is the Your First Home scheme worth it, or is it just another plot to put money into the pockets of developers? In this article, I expose what the Your First Home scheme is really about, and whether it actually helps first-time buyers!
This article will help you to decide if this scheme is for you. The scheme hasn’t happened yet, and the exact terms may differ from what is presented here. Your circumstances are unique, and you should consider them with a financial professional before taking any action. I am not a financial adviser, and this is not financial advice.
Is the Your First Home scheme worth it? I want to help people answer that question for themselves. That’s why I wrote this article. However, I need your help to ensure it gets to the right people!
Please consider sharing this article on social media. That way, we can make sure the public understand their options, and that they are not pushed into a deal that isn’t actually right for them!
Sharing our content can make a massive difference to people’s financial lives, so thank you to everyone who does!
Is The Your First Home Scheme Worth It?: Good News For Developers!
Much like the Help to Buy scheme under previous governments, Your First Home is only going to be available on new builds. That’s because these schemes are not really help to buy, but help to sell!
If you are a developer, this will help you to sell your houses faster, and possibly at a slightly higher price too! That’s what the scheme is really all about!
Is The Your First Home Scheme Worth It?: Bad News For First-Time Buyers!
If you are a first-time buyer, on the other hand, it isn’t such good news. You are being pushed to buy a new build. New builds tend to go down in value once purchased, which could push you into negative equity.
The money offered by the government is a loan, so you will be in more debt than if you paid a larger deposit. Furthermore, you must live in the house, you do not have the option of renting it out, which could mean you are stuck in place too!
Is The Your First Home Scheme Worth It?: Designed To Keep You In The System!
In my opinion, the government wants you to take these kinds of options because it means you will be reliant on the system. You will need to stay in one place, and keep working a job, to pay the mortgage on a property which may not have maintained its value.
I think the government would prefer people didn’t understand how to actually make money with property, and want to keep that knowledge for themselves and their rich friends!
Is The Your First Home Scheme Worth It?: The Alternative!
Is the Your First Home scheme worth it for first-time buyers? Probably not in many cases, in my view. However, there is an alternative! I can teach you how to profit from property, starting from nothing! Join me at my next introductory online training event!
We have different online trainings throughout the year, each teaching different things. Here is a sample of what you could learn on one of our online introductory webinars:
- The SECRETS to becoming a successful property investor
Get immediate and actionable insights to accelerate your property investment journey.
- How to LEVERAGE other people’s money to get started
Begin to understand the strategies to use to reduce the barriers to getting started.
- How to FIND fantastic property opportunities
Understand where property professionals source the best deals.
- How to RECYCLE your money again and again
Don’t just do it once, repeat the process to build your property portfolio.
Property investing is not just for the rich! Learn the strategies that thousands of people have used to not only start investing, but become financially free! Tickets are free, so book your property training webinar now. If you are ready to take action, I hope to see you very soon!
