IMF in Help to Buy warning

Fri, 11 Oct 2013

IMF in Help to Buy warning
The International Monetary Fund (IMF) has said that the Help to Buy scheme needs to go hand-in-hand with the building of more homes.

Jose Vinals - who is the IMF's director for global financial stability - has said that authorities need to be "vigilant" to the potential risks it could create to the housing market, warning that supply needs to be able to meet demand in order to avoid another housing bubble.

Mr Vinals said: "If the scheme only increases the demand for housing but there is no sufficient response on the supply for new housing this may lead to higher housing prices which may actually reduce affordability."

Deputy prime minister Nick Clegg has already revealed this week that he believes the Bank of England needs to keep a close watch on whether the scheme is working, and that it should not be afraid to "shut it down" if it appears as though it is failing to achieve what it was designed to do.

Under the Help to Buy initiative, buyers will be able to secure a mortgage with just a five per cent deposit for properties valued at £600,000 and under.
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