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
Annual house price growth halves in September
UK annual house price growth halved to 0.8% in September, from 1.6% in August Northern Ireland remained best performing region, with prices up 5.9% year on year in Q3 2026 East Anglia weakest performing region, with annual decline of 0.7% Terraced properties were the strongest performing property type, with a 1.8% rise, whilst flats remained…
Read More 
Homesellers say valuation appointment is key
Nearly nine in 10 home sellers say the valuation appointment is key when choosing an estate agent The latest research from GetAgent.co.uk has revealed that the valuation appointment remains one of the most influential stages of the home selling journey, with almost nine in 10 sellers saying it played an important role when deciding which…
Read More 
London’s rental market bucks the national trend
New analysis from the UK’s largest property platform Rightmove reveals that rental demand in the capital is up 7% in September while Great Britain overall is 2% below last year Rental demand in London had been running around 7% below 2025 levels on average throughout 2026 until the end of August before moving into growth…
Read More 
Higher mortgage rates put buyers in the driving seat
Market conditions vary locally: three in four Scottish homes find a buyer within three months, compared with just three in ten in London Mortgage rates now average 5.2 per cent, the highest level in three years, adding £150 a month (£1,800 a year) to typical repayments and further cooling buyer demand Homes for sale…
Read More 
Prime London buyer demand cools in Q3
he latest Prime London Demand Index by London lettings and estate agent, Benham and Reeves, reveals that buyer demand across London’s core prime property market cooled during the third quarter of 2026, falling by -1.3% on a quarterly basis. However, a number of central London markets bucked the wider trend, with demand across the super-prime sector…
Read More 
Breaking Property News 30/9/26
Daily bite-sized proptech and property news in partnership with Proptech-X. SaaS traditionally sells access, AI sells outcomes Thought Leadership by Author Andrew Stanton CEO Proptech-PR For twenty years, one of the safest assumptions in property technology has been that software companies will become increasingly important. A property business identifies an inefficient process, a proptech company…
Read More