I’ve lived in Burnley all my life and work here as a real estate agent. I really know the local housing market. If you’re a first-time buyer, you might know about the government’s Help to Buy Scheme. Now that it’s ended, you may be wondering, “what’s next for me in Burnley?” Don’t worry, there are still many other ways to buy your dream home in Burnley. As a real estate agent, I can help you understand these options now that the Help to Buy Scheme is over. Don’t lose heart – your dream home in Burnley is still within your reach!
It might seem hard at first with the Help to Buy Scheme over. But there are plenty of options to make buying a home in Burnley easier. First, think about Shared Ownership. It’s a great alternative to the Help to Buy scheme. You can buy part of a property- usually between 25% to 75%- and pay rent on the rest. You can buy more of it when you can afford to. This is especially good for those who might struggle to find a big deposit.
Another good option is the Lifetime ISA (Individual Savings Account). This helps first-time buyers save for their first home (or for retirement). The government adds a 25% bonus to your savings, up to £1,000 per year. This can really help when you’re trying to save for your first home. But keep in mind that there are rules about taking money out of your ISA that you’ll need to think about.
If you don’t mind buying a house that needs a bit of work, you could buy a ‘fixer-upper’. These are often cheaper because they need renovating. This could give you the chance to create your perfect home. Just make sure you have a detailed survey done before you buy so you know how much the work will cost.
A traditional way is to save up for a deposit on a mortgage. This might seem difficult, but it’s worth thinking about. Start with a smaller, cheaper property in the area. This could be easier to save for. Then over time, you can work your way up to your dream home.
Burnley has many different types of properties, each with something special about them. It could be a traditional terraced house in the town centre, a semi-detached in Reedley, a cosy cottage in Cliviger or a big luxury house in Harle Syke. There’s a home for everyone in Burnley. Be patient, and you’ll find the perfect house for you.
The journey to buying a home can be tricky, but with some determination and the right advice, your dream home in Burnley is closer than you think. Even though the Help to Buy scheme has ended, there are still many options for you. Remember, buying a home is about the journey as well as the end result. With my help and your drive, you’ll surely find the perfect house. Burnley is a welcoming place and is waiting for you to call it ‘home’. Use these tips and get started on your home buying journey in Burnley. Your dream home is waiting for you!