County agents have their say
Simon Trippett, of The Property Centre, believes Help to Buy will balance the needs of first-time buyers and existing home-owners.
Simon, who is area sales manager and covers Stroud and Gloucester, said:
"An active housing market is good for the local economy and it is important for families to be able to purchase housing that matches their needs.
"Previous schemes have overlooked those households that have out grown their current home but can't afford to move into a larger property.
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"By offering temporary support to all purchasers the scheme should help balance the needs of first-time buyers and existing home owners.
"What is needed in the longer term is good quality housing and services to be built. For years the need for more housing has been ignored so there is no easy fix."
Rachel Tolley-Gibbs, letting manager at SureLet in Gloucester, said: "The new Help to Buy scheme may have a small impact on the rental market if tenants are able to purchase their own homes without the large deposits currently needed.
"However, a lot of the tenants that we see are moving to the area for employment and therefore don't want to buy or are moving in together for the first time or just don't want the responsibility of owning a home and all that goes with it.
"I would be surprised if we did see more landlords as a result of this scheme as one of the outlines released by the treasury is that it must be for a residential mortgage and not a buy-to-let.
"However as this new scheme has only just been announced it is very difficult to tell the impact that it could have."