Industry experts predict 2016 is the year to buy

The annual industry expert round ups shown in most of the mainstream media say much the same thing – 2016 is a great year to buy.  With mortgage rates remaining low, consumer confidence rising, government help available through schemes such as the ‘Help to buy’ and house prices rising but steadying, it will make sense for buyers to fulfil their new home dreams this year. 

Stamp duty has been one area which has made buying a little easier for new home buyers.  The changes in 2015 which altered stamp duty so it levies progressively, like income tax, with percentages stepping up above thresholds is reaping rewards.  The biggest savings have come to those buying homes up to the £500,000 threshold, which pretty much includes every first time buyer. 

Other incentives outlined include the low rate mortgage deals available and the various schemes available through the government and individual home builders, such as Larkfleet Homes, which are designed to make your purchase easier and more affordable.

House prices are still predicted to rise, with the East Midlands and East Anglia, where Larkfleet is predominately active, looking at rises of between five and six per cent* which means a new house will continue to be a great investment as well as your new home.

* information – Savills research