Help to Buy is draining interest from conflicting government schemes and causing less property builders to build properties for renting. Build to Rent was a £1 billion fund set up in 2012 to promote property building for the purpose of renting. However, [...]
Help to Buy has helped to buy more than 17,000 homes, so say the latest official figures. The figures were released just after Chancellor Osborne's announcement that the first section of the scheme will be extended to 2020 with a £6 billion [...]
After the announcement in the 2014 budget the other day that the Help to Buy scheme would be extended to 2020, Ed Balls the Shadow Chancellor has spoken out against the scheme, claiming it could choke the economic recovery. George Osborne announced [...]
The Chancellor George Osborne has said that the Help to Buy scheme will be extended until 2020, because "Britain has got to get building." The scheme was going to run only until 2016. Mr Osborne announced the extension to the BBC and [...]
The number of first time buyers is up 38% from this time last year, new figures show, as more and more first time buyers are having their mortgage applications accepted. This shows that the housing market is really starting to pick up, [...]
Lenders warn that the Help to Buy schemes may be cut short or derailed due to it 'short circuiting' the housing market by inflating house prices unnaturally. An industry survey by the Intermediary Mortgage Lenders Association (IMLA) has found that 46% of [...]
The City regulator Mortgage Market Review has resulted in proposals for new guidelines to come into play in April about who should be lent to. Mortgage lenders will now be checking potential borrowers more personally, allegedly checking things such as the ownership [...]
After the announcement of the Housing (Scotland) Bill which could see the cessation of the right to buy scheme in three years, people have been rushing to exercise their right to buy their council home. The right to buy scheme allows tenants [...]
The Help to Buy scheme has enabled thousands to get onto the housing market. Figures from the Department for Communities and Local Government revealed that, in the first ten months of the equity loan phase of the policy, there were 25,247 reservations [...]
The number of 95 per cent mortgages at the disposal of aspirant first-time buyers has trebled, thanks to the Help to Buy scheme. According to the Genworth Mortgage Loan to Value Tracker, just 43 products were available to those with only a [...]