Its New Build and Affordable Housing event will be held in London this Wednesday
Maximising the opportunities of low deposit schemes will be a key topic at Just Mortgages’ upcoming New Build and Affordable Housing event, which will take place at St. Mary’s Church in Marylebone, London this Wednesday, April 19.
The national broker firm said the full-day event would bring together mainstream and specialist lenders, housing associations, and trade bodies to discuss the latest developments and prospects of new-build and affordable housing.
This year’s event, which hopes to duplicate the success of last year’s inaugural, will also feature speakers and panel discussions, as well as opportunities for delegates to connect with those in attendance.
Industry professionals who are interested in attending the event can register online through the broker firm’s website.
John Doughty (pictured), financial services director at Just Mortgages’ new build division, earlier urged all sectors in the property industry to support shared ownership and other low deposit schemes to help first-time buyers start their homeownership journeys.
He argued that the likes of shared ownership, Deposit Unlock, and the First Homes scheme are well placed to fill the void left by Help to Buy, adding that many of the schemes have actually been doing so already, especially with the changes made to Help to Buy in its final version.
“In truth, the likes of shared ownership have long been a viable alternative, especially since the government changed Help to Buy to include regional price caps,” Doughty pointed out. “This effectively made it less accessible to a number of buyers.
“As it continued to wind down, we saw more enquiries and interest in shared ownership with 2022 being our busiest year. This clear demand for low deposit alternatives has continued into 2023, especially as both First Homes and Deposit Unlock have continued to expand.”
Government figures show that 19,386 new shared ownership properties were delivered in 2021-22, a 14% increase on the year before. This is the highest number since records began back in 2014-15. Of those 19,386 homes delivered, 18,751 were new builds.
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