The Bank of England has announced new restrictions that it will apply to the mortgage market come October, in an attempt to prevent irresponsible lending. Addressing the issue of inflating house prices and experts' fears of the formation of a housing bubble, [...]
Two of the biggest lenders in Britain have curbed the Help to Buy schemes on their own and restricted the accessibility to their products that involve the scheme. Nationwide announced that it will no longer offer mortgages on the Help to Buy [...]
Once again, people have spoken out against the Help to Buy scheme, this time calling it a risk to tax payers and saying there are too many unanswered questions. The Public Accounts Committee (PAC) has stated that the scheme could create a [...]
Britain's finance executives are becoming worried about the rocketing house prices and the instability it could cause to the overall economy. The systemic risk survey is a questionnaire given by the Bank of England to participants on a biannual basis, asking them [...]
In her annual address, the Queen revealed that the Help to Buy scheme shows no signs of being stopped, and that the "ministers will continue to promote the Help to Buy and Right to Buy scheme to support home ownership." Apparently only [...]
George Osborne has had further warnings against his flagship Help to Buy scheme, this time from the European commission. The Commission has called for the chancellor to "deploy appropriate measures" because of the rocketing house prices in London, and fears for the [...]
Despite all the controversy, Help to buy has been shown to have produced the boom of first time buyers that it was designed to. The rate of first time buyers getting onto the property ladder has increased by almost 50% compared to [...]
The arguments this week centre strongly on London, and the house prices there. It is claimed by Lloyds bank that the house prices in London are now 30% over what they were in 2007. The high demand, fuelled by cheap deposits on [...]
Savills, the estate agent, has warned of the lack of homes being built. The shortage of new homes is causing a housing crisis, according to Savills, the most recent group to raise the alarm. They estimated the shortfall of homes in the [...]
The Prime Minister is prepared to rein in the Help to Buy scheme, but only if the Bank of England give him the signal. This is because housing prices are continuing to rise, increasing by an average 8 per cent nationally in [...]