Mixed opinions over Help to Buy

Thu, 05 Dec 2013

Mixed opinions over Help to Buy
New research has shown mixed feelings from aspirant first-time buyers in regards to Help to Buy.

The government-guaranteed mortgage scheme is viewed as the best approach to help people onto the housing ladder according to 45 per cent of those surveyed by the Mortgage Advice Bureau, as reported by the Daily Telegraph.

However, 47 per cent would prefer it if the government would incentivise banks and building societies to launch savings accounts with high interest rates. Such accounts would facilitate keywordfirst-time buyers acquiring a 20 per cent deposit which could be used to secure a mortgage.

Brian Murphy, head of lending at the Mortgage Advice Bureau, said that offering high interest rates on savings to remove the need for Help to Buy was "a novel idea". However, he stressed that it "could still require an exceptionally high rate or a lengthy period of time for enough interest to accrue so people can save the equivalent of a 20 per cent deposit on a home".

The second phase of the Help to Buy mortgage scheme launched in October, and is available for properties up to £600,000.
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.




mths

Your Details

Home Buyer Guides

Home Buyer News

Speak with an independant mortgage specialist

About Company

HomeBuyService.co.uk 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
FAQ
Sitemap

Get in Touch