It appears as though people who are looking to remortgage their home are unlikely to be helped by the government's Help to Buy scheme. The Financial Times reports that both banks that are offering 95 per cent mortgages through the scheme at [...]
The UK's housing minister has told the House of Commons that the government's Help to Buy scheme is have a hugely positive effect on enabling first-time buyers to purchase their own home. Kris Hopkins said that the first phase of the initiative [...]
One of Britain's most senior policemen has warned that the government's Help to Buy scheme could result in an increase in cases of mortgage fraud. The Financial Times (FT) reports that Detective Superintendent Oliver Shaw - who specialises in tackling economic crime [...]
It is being claimed that the property market was back on the up even before the Help to Buy scheme was announced. The British Bankers Association (BBA) has revealed that there was a sharp increase in the number of mortgage approvals seen [...]
The Bank of England (BoE) says any rise in the base rate of interest would not harm those applying for Help to Buy mortgages. Ben Broadbent - who forms part of the committee which decides rates - told Sky News that the [...]
The house-building company Bellway has announced its annual pre-tax profits have risen by a third, with the impact of the Help to Buy scheme being credited as the reason why. According to the firm, 29 per cent of its sales involved the [...]
Barclays has become the latest bank to sign up to the government's Help to Buy scheme. On twitter, the bank announced: "We are pleased to confirm that Barclays will participate in the Help to Buy mortgage guarantee scheme." The move means that [...]
The chief executive of Lloyd's Banking Group has questioned the Help to Buy scheme - despite the bank backing it. Antonio Horta-Osorio has voiced his concerns over whether the initiative risks creating a housing bubble and actually making the problem it was [...]
One of the first banks to offer the Help to Buy mortgage scheme says it received double the amount of enquiries it would normally expect to over the initial few days of its launch. Royal Bank of Scotland (RBS) has revealed that [...]
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 [...]