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Help to Buy offers benefits but it's hard work

Karen Webb warns solicitors not to jump on the housing bandwagon if they don't have the appropriate skills

11 April 2014

We have seen a big impact on the level
of work driven by the government’s Help to Buy scheme. At my firm, we have recognised it as a growth area and put a strategy in place to expand and double the size of our new homes team in Portsmouth and Southampton.

Of the 17,000 homes bought nationally with the Help to Buy scheme, 15,000 of those were new-builds using equity loans. In the recent Budget,
the chancellor extended the scheme to 2020 because of its growing popularity, and we
have certainly seen this in
the Solent region.

It has sparked a revival of the new-home specialism, which has been in severe decline during the recession. Many expert property lawyers I’ve come across suf...

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