Help to Buy hotspots

5th February 2016

The Evening Standard looks at six east London property hotspots where homes sit well within the budgets of first-time buyers, particularly those taking advantage of the government’s Help to Buy scheme for houses valued up to £600,000. The equity loan available was recently doubled from 20% to 40% of the property’s value, cutting the salary needed to afford an average £465,000 two-bed property from £56,000 to £36,000. Close to Canary Wharf are areas such as Stepney, where flats in a Victorian school conversion start from £449,950, and East City Point at Poplar, where a new home can be had for as little as £315,000.

Evening Standard, Homes and Property (05/02/2016)