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First time buyers devastated to discover their £130k new build property is worth nothing
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dailyrecord.co.uk
dailyrecord.co.ukcoronavirus pandemic has caused a boom in property sales with both the UK and Scottish Government offering buyers incentives to purchase their first property or move to a new one using financial support from the ‘Help To Buy’ loan scheme.In Scotland, new and existing homebuyers can receive financial help up to 15 per cent of the purchase price of a new build home.In England, new and existing homebuyers can get up to 20 per cent of the cost of their newly built home.But, for some people who have used the scheme in the past, it’s not given them the happy ending in their new-build they thought they were buying into.That’s because in recent years, some developers have been accused of cutting corners and inflating prices to cash in on those.
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