20.03.13 Budget Reaction

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20th March 2013

Press release

Budget reaction from Jamie Lester, Haus Properties

Jamie Lester, Head of Haus Properties, a south west London property agency, comments: “The Help to Buy initiatives breathe an air of optimism into the market and provide a huge sense of relief for first time buyers and second steppers. Now, in theory, first time buyers who can gather a 5% deposit should be able to purchase a property rather than having to raise a 20-30% deposit, which for ‘generation rent’, is incredibly difficult without the help of the Bank of Mum and Dad.

“It’s a boost for second steppers, too – those who may have been trapped in a property that’s no longer suitable can now take advantage of the Help to Buy mortgage guarantee scheme. We foresee a much greater confidence in the market, especially now the threat of mansion tax has been erased (for now!), meaning the top end of the market will become more fluid, too.

“The only negative impact it could have is on landlords - the lettings market may cool if a greater number of first time buyers desert the rental market and purchase a new home.”

Haus Properties is currently marketing a range of properties (for both sale and rent) in the Fulham and Chiswick areas. For further information, please visit www.hausproperties.co.uk or call: 020 7751 0400.

ENDS

Editor’s notes:

Haus Properties (www.hausproperties.co.uk) is an award winning property agency set up by entrepreneur and former Apprentice finalist, Jamie Lester, in 2011 with the aim of turning traditional estate agency on its head. Haus prides itself on its open and honest service and innovative technology that gives vendors access to an online journal, meaning they can keep track of what is happening with their property at all times. There are currently offices in Fulham and Chiswick, and plans for further London offices in future. Haus Properties offers property for sale and rent, as well as a property management service for Landlords. It is fully regulated by the Office of Fair Trading and the Property Ombudsman.

Media contact:

For further press information, please contact Emma Ward Hunt / Lisa Northcott / Luke Campbell-Yates at Foundation PR: Tel: +44 (0)20 7580 2492 / +44 (0)7989 979 693 emma.wardhunt@foundation-pr.co.uk / lisa.northcott@foundation-pr.co.uk / luke.campbellyates@foundation-pr.co.uk

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