Help-to-buy mortgage guarantee scheme to finish
October 4, 2016
The Government help-to-buy mortgage guarantee scheme which has helped more than 86,000 households so far will close at the end of this year according to the Chancellor Phillip Hammond.
The scheme was specifically designed to help first time buyers get that foothold on the property ladder, however in a letter to Governor of the Bank of England Mark Carney, Mr Hammond said the scheme had a “specific purpose that has now been successfully achieved”.
The Help to Buy mortgage guarantee scheme allowed buyers to borrow up to 95% of purchase price with a 5% deposit, the government guaranteed a portion of the repayments to encourage lenders.
You May Also Enjoy
Living within 20 minutes of your local town centre could add £30,000 to your home’s value
The latest research from geo-location property platform, The Property DriveBuy, has found that homes within a 20-minute walk of their nearest town centre command a significant price premium, adding as much as £30,000 to property values. The Property DriveBuy analysed more than 24,000 homes currently listed for sale across England, comparing average asking prices for…
Read More 
Most expensive homes sold so far this year
Most expensive homes sold so far this year revealed – where does your region rank? The latest research from global HNW finance brokerage, Enness Global, has found that whilst the wider UK property market may be treading water at present, high-end properties are continuing to change hands for eye-watering sums, with the top five most…
Read More 
Homeowner horrors that could wipe £54,000 off your property’s value
With Halloween on the horizon, nationwide cash buying company and quick sale specialists, Springbok Properties, has revealed the housing horror stories that could give sellers the biggest fright, with subsidence topping the list, knocking more than £53,000 off the value of the average UK home. Springbok Properties analysed 10 of the most common homebuyer turn-offs,…
Read More 
£5m paid in SDLT on nation’s most expensive property
The latest research from global HNW finance brokerage, Enness Global, has found that whilst the wider UK property market may be treading water at present, high-end properties are continuing to change hands for eye-watering sums, with the most expensive homes sold across the nation going for as much as £41m – a purchase that comes with…
Read More 
New-build demand dips in Q3 as homebuyers sit tight ahead of autumn statement
The latest market analysis from Property Inspect has found that fewer than one in five new homes are currently securing a buyer, with homebuyer demand for new-build properties falling on both a quarterly and annual basis. Property Inspect analysed current market listings looking at what proportion of new-build properties are already marked as sold subject…
Read More 
Rightmove celebrates 25 years of viral property moments
As Rightmove marks its 25th birthday, we’re celebrating the properties that stopped people mid-scroll, sparked thousands of shares, and became internet sensations. From a house with its own Tardis to a shark crashing through a roof, these homes prove that the UK property market is anything but ordinary. With billions of minutes spent on Rightmove…
Read More