Buying your first property in the English capital is an important step.
But the London real estate market remains one of the most expensive in Europe.
To help with first-time buyers, the British government has set up numerous funding programs.
But how to make the right choice?
Because depending on the profile of the buyer and/or his budget, some aids have more advantages than others.
Le Figaro
enlightens you.
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Shared ownership
This is the most advantageous assistance program for people who do not have a large income to borrow.
The buyer can put down between 5% and 10% of the value of the share of property purchased, depending on the price of the property.
However, he does not fully own, but only up to 10 to 75% of the total value of the accommodation, depending on the percentage of the accommodation he can pay for with his credit.
“
Then he can gradually increase his share of ownership by 1% or more each year.
Access to property is therefore smooth
,” explains Muriel…
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