Britain's second biggest housebuilder has announced its profits have skyrocketed, thanks to the Help to Buy scheme. Persimmon reported pre-tax profits of £337.1 million in 2013, compared with £218.2 million the year before, marking a considerable 54 per cent jump. In addition, the [...]
An expert has said the government should turn to insurers to make sure the Help to Buy scheme does not result in another housing bubble. Vice-president of commercial mortgage insurance Europe at Genworth Simon Crone has warned that, unless a succession model [...]
Mortgage lending across the UK has rocketed by 33 per cent, which has been attributed to the Help to Buy scheme. The Council of Mortgage Lenders (CML) revealed lending in January stood at approximately £15.5 billion - 33.3 per cent higher than [...]
As many as a quarter of a million renters are unable to purchase their first home since the introduction of the Help to Buy scheme. This is according to PricedOut - a campaign group that fights for affordable housing - who branded [...]
In light of recent house price increases, an economist has suggested the Bank of England would do well to dilute the Help to Buy scheme. According to data from the Office of National Statistics (ONS), house prices increased by 5.5 per cent [...]
The construction industry has been boosted, thanks to the Help to Buy scheme. New figures from the Office for National Statistics (ONS) showed the sector rose by two per cent in December, with housebuilding contributing to this increase. The government's flagship housing [...]
A number of MPs have called upon the government to reveal what the exit strategy is for the Help to Buy scheme. They want to ensure the housing initiative ends in 2017 as originally planned, according to a survey commissioned by mortgage [...]
Muslim housebuyers can take advantage of the Help to Buy scheme, after ministers launched a version that is compliant with Sharia law. Help to Buy can now be used by providers of Home Purchase Plans (HPPs), which are Sharia law-compliant alternatives to mortgages, often [...]
Help to Buy's second stage has been more popular than the first. The mortgage guarantee part of the housing scheme, introduced three months early in October 2013, was an immediate success according to CityWire Money. After three months, the numbers stood at [...]
Halifax has completed more than 1,000 transactions through the Help to Buy mortgage guarantee scheme. The lender launched its range of products nearly four years ago. Between October 11th and January 31st 2013/14, Halifax received more than 5,000 full applications through the [...]