There has been an increase in demand for homes with more loans especially from first time buyers in August.
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Category Archives: Help to Buy scheme
The second phase of the Help to Buy scheme launched by the government is likely to see mortgage costs at 5%.
According to the UK’s largest lender the Halifax annual growth is at 6% after eight months of rising property prices.
The Bank of England has confirmed the number of mortgages approved is at the highest level for the past five-and-a-half years.
David Cameron has promised to launch the Help to buy scheme with mortgages up to 95% loan to value.
There is concern that the proposed Help to Buy Scheme will cause the housing market to overheat.
The government claims the number of new homes built in England for the three months to June this year is 6% higher.