Help to Buy scheme brought forward

Mon, 30 Sep 2013

Help to Buy scheme brought forward
David Cameron has announced he will bring forward his flagship Help to Buy scheme.

The programme gives property buyers the chance to access an interest-free 20 per cent loan to make up part of a 75 per cent mortgage. This means only a five per cent deposit is needed to have access to a house valued at less than £600,000.

But while the scheme had originally been slated for January 2014, consumers will now be able to access the lending project within the next fortnight - despite objections by some Liberal Democrat coalition partners.

Business secretary and senior Liberal Democrat Vince Cable has repeatedly highlighted his scepticism of George Osborne's ability to keep the housing bubble from inflating.

However, David Cameron is much more optimistic and the prime minister told the Andrew Marr show: "As prime minister I am not going to stand by while people's aspirations to get on the housing ladder are being trashed."

Mr Cameron announced the new start date at the Conservative party conference in Manchester, where delegates were met by a large Trade Unions Congress protest against austerity measures.
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