Help to Buy Mortgage Guarantee Scheme ends 31st December 2016
December 28, 2016
The Help to Buy Mortgage Guarantee Scheme introduced by the government to assist those with only a small deposit will end on the 31st December this year, the Help to Buy ISA and the Equity Loan Scheme will however remain in place.
According to a news article published yesterday on Zoopla, the Government’s Help to Buy scheme has helped transform the mortgage market, leading to a four-fold increase in deals for people with a small deposit. Since the mortgage guarantee part of Help to Buy was introduced in October 2013, the number of home loans available to buyers with a 5% deposit has soared by 380% to stand at 269 different deals.
Read the Zoopla news article in full click here
You May Also Enjoy
Padel Boom Sparks 113% Surge in Planning Applications
17,000 UK Sites Ripe for Development New insight from Searchland reveals that planning applications for padel courts surged by more than 113% in 2024, with the upward trend expected to continue throughout 2025. The explosive growth of the sport in the UK has unlocked a wealth of potential for developers and investors, with Searchland estimating…
Read More 
Property values rise at 5.3 times the rate of earnings
House prices across Britain rise at 5.3 times the rate of earnings in the last year The latest research from eXp UK has found that the average house price in Great Britain has increased at 5.3 times the rate of average earnings over the past year, highlighting a widening affordability gap for homebuyers. eXp UK…
Read More 
London homes with a patio prove hot property,
The latest research from Benham and Reeves has found that London homes offering a patio have become highly sought after, with 41% of all patio-equipped properties currently listed already snapped up by eager homebuyers. However, potential buyers dreaming of a summer-ready outdoor space might face challenges, as only 8% of properties currently on the market…
Read More 
High Quality Modular Homes for the UK
Are you looking for added accommodation space in your garden / on your land? Modular Living Homes by tutumHOUSE offer a new way to live – minimalist in form, rich in experience. “There are approximately 9.6 million homes in the UK with a garden shed, and around 52% of the population owns one.” asgardsss There…
Read More 
The most stressful places to move to in the UK
With more people in the UK moving homes during summer than any other season and the average cost of moving in the UK rising to over £14,000, picking the right place to move to has become more crucial than ever. Luckily, new research from Pay Less for Storage reveals the UK cities that make life easiest…
Read More 
Time-Traveling Estate Agent Sequel Climbs Amazon Charts
A UK Estate Agent Currently Bringing Joy to People’s Lives – Shame He’s Fictional… Eric Meek, the fictional estate agent created by author Dale Bradford, is back for a second outing in The Time‑Travelling Estate Agent 2, a sequel that is already climbing Amazon’s bestselling time‑travel rankings. Estate agents were recently highlighted as the third…
Read More