Expert calls for Help to Buy to end after 3 years

Mon, 23 Dec 2013

Expert calls for Help to Buy to end after 3 years
A financial expert has called for the government's Help to Buy scheme to not be extended after its intended three-year lifespan.

Paul Smee, director general of the Council of Mortgage Lenders, said that he couldn't see any reason as to why the scheme should continue into 2017, according to Mortgage Strategy.

While giving evidence to MPs, Mr Smee encouraged the government to reveal what its exit strategy was for the scheme. He suggested the scheme's fees could gradually be increased and that both the maximum loan-to-value and loan size should be lowered.

Mr Smee added: "The taper should be determined soon. I am not saying when it should start, but before three years so that the scheme can close after three years, which I believe is the intention."

George Osborne recently said that the government-guaranteed mortgage scheme would end in 2016, after three years. Financial analysts have called for the scheme to be altered in some way, after Halifax reported that house prices had increased by seven per cent year-on-year in the three months leading up to November.
add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page

Copy and Paste the following HTML into your page.

Note: For a free no obligation chat with an independant mortgage specialist about your requirements please complete ourmortgage enquiry form below.

Mortgage, Remortgage or Buy-to-Let Mortgage Enquiry Form

Stop Press: Find the perfect mortgage!
Lending criteria has been relaxed and our specialists can find you great mortgage offers to compare.
Our team do all the work to find you the best offer
We'll help you find the best mortgage for your needs and ensure that everything runs as smoothly as possible.
Deposits required are again falling
The cost of the best deals has dropped recently for those borrowing either 80%, 85% or 90% of their property's value
Independent, searching the whole market
With 1000's of mortgage products available our mortgage brokers will source the mortgage that suits your situation.
Please complete this quick, free enquiry form.


Your Details

Home Buyer Guides

Home Buyer News

Speak with an independant mortgage specialist

About Company is part of the SFN Network of websites. Sitefinders Net Ltd is a U.K based company setup in 1995. Our core business is the development of online businesses using the generic domain name concept. We have a growing portfolio of websites in many different industries such as electronics, finance, retail, seasonal and health.

Privacy Policy

Get in Touch