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
UK house prices sit above pandemic market peak
The latest research from Yopa has found that, six years on from the first Covid lockdown (23rd March 2020), the average UK house price remains 1.7% above the peak reached during the pandemic property market boom, despite the more subdued market conditions seen since. Yopa analysed* average house price data at three key points in…
Read More 
Energy efficient upgrades now an essential home feature
Savers with student loans put away £2k less per year towards a house deposit than those without 44 per cent of those with student loans say the debt makes it harder to be financially stable, with 41 per cent saying their repayments make it harder to save for a home Barclays Mortgage data shows the…
Read More 
Inverclyde crowned Britain’s most affordable place for first-time buyers
Inverclyde, Burnley and Hartlepool amongst most affordable areas in Britain Kensington and Chelsea, Oxford and Cambridge least affordable North has smallest gap between least and most affordable areas in the region while London has largest Around 70% of local authorities have seen an improvement in affordability over the last year, with Islington seeing biggest improvement…
Read More 
Fewer than 3% of London rental homes available
The latest research from Benham and Reeves has found that fewer than 3% of London’s private rental homes are currently available to tenants, highlighting the severe lack of supply across the capital at a time when further legislative changes could place additional strain on supply within the sector. Benham and Reeves analysed current rental market…
Read More 
Cottagecore Design
The term “cottagecore design” has risen by 100% since November 2025, with the term “cottagecore” itself now getting nearly 10,000 searches (9,900), according to Traditional Beams. Cottagecore refers to an aesthetic that romanticises simple, rural and sustainable living, popularised on platforms such as Instagram and Tiktok, and embraces a cosy and pastoral lifestyle. However, while…
Read More 
Property specialist predicts spike in traditional interiors after Bridgerton hit
With Bridgerton Season 4 debuting with an impressive 39.7 million views in its first week on Netflix, property specialist predicts that traditional interiors will be the biggest renovation trend of 2026. Mitchell Martyn, Property Finance Specialist at Pure Property Finance, predicts that the appetite for traditional, heritage-inspired interiors is set to surge once again. As…
Read More